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Directors Need to be Human!

Under the Companies Act 2006, companies with only corporate directors were given a grace period to appoint a natural person - a real human being - as a director. 

This grace period expired on 1 October 2010. If you haven’t already done so, companies which currently only have corporate directors should appoint at least one natural director over 16 years of age. This is to ensure that there is always at least one person in every company who can be held accountable for its actions.

Failure to appoint a natural director could lead to penalties and fines being payable by the company, (plus additional daily default fines) and problems filing the company’s accounts if there is only one corporate director.