The certificate of good standing of a company is in essence a way of showing that a company has not had any severe problems. It is a good way of making sure your business is recognised as the success it is, rather than people getting a poor impression. It is issued by the Registrar of Companies, and is an official statement. The certificate confirms continuous and unbroken existence of your company. There are many obvious reasons why having an official certificate of good standing (UK) is so important:

• The certificate of good standing acts as a concise document detailing important information about the company, such as its name, number and date of formation. The Registrar of Companies has no issue with the company as far as liquidation is concerned, a fact which is obviously greatly important to banks and other moneylenders.  The Registrar of Companies is not interested in taking action against the company and removing it from the register at this moment in time with the certificate in place.
• The certificate acts as a legally acceptable document ideal for referring to. Simply having the certificate fulfils many other obligations.
•  It provides credibility for a company, since it is complete proof that the business is succeeding and going well. Obviously this is a great incentive for third parties to get involved without being afraid of any ‘hidden consequences’.
• In courts and during other legal procedures, the certificate of good standing acts as a perfectly valid and universally accepted legal document.
• Some customers require a business to present their certificate of good standing before work requirements will be put forward. It has a much better and more positive impact to customers than businesses that try to scrape together a poor excuse for a proposal.

With all these perks, you are surely wondering how to get one. Novik Ltd. do not simply help businesses in getting the certificate of good standing, but also work in company formation, and give aid with taxation and accounting related procedures. You could go about getting one on your own, spending your precious time, money and resources, or you could simply hire us to do the hard work for you. Hopefully your decision will be the correct one.