Glossary - Definition of Business & Commercial Terms
Glossario - Definizione dei Termini Societari & Commerciali
When shares are issued, the members may be allowed to pay for them by installments. Each installment is a call.
The movement of cash in and out of a business.
Cash is usually required to pay a company´s bills and commitments.
A company with negative cash flow has less cash coming in as receipts than going out in payments.
Negative cash flow can bankrupt a business that may actually be running profitably.
EU & UK Data Ltd calculates Cash Flow as the Pre-tax Profit of the company plus Depreciation charged against that Profit.
A member of the Association of Certified Accountants.
Certified accountants are authorised to audit the books of limited companies.
Members use the initials ACCA or FCCA.
The company´s ´birth certificate´ as issued by Companies House on the day of incorporation.
The Director who presides over members´ meetings and board meetings.
A loan taken out by the company, usually against some form of security. When a company borrows money the lender may require security for the debt.
This is usually in the form of a legal document entitling the lender to take possession of certain of the company´s assets if the debt is not repaid.
This security is called a charge.
Thus, there might be a charge over the freehold property to secure a bank loan.
A member of one of the Institutes of Chartered Accountants.
Chartered accountants are authorised to audit books of limited companies.
Members use the initials ACA, FCA, CA.
A member of the Institute of Chartered Secretaries and Administrators - members´ initials are either ACIS or FCIS.
Companies under the control of five or fewer persons.
How long, on average, a company takes to pay its´ debts.
Formerly the Company Law Reform Bill, the Companies Act 2006 will effectively replace existing companies legislation with the exception of provisions relating to company investigations and community interest companies.
For more information please see ourCompanies Act 2006 help section.
Where the Registrar of Companies works and where all company forms, returns and accounts are filed.
Companies House is an executive agency of the Department of Trade and Industry, and has five main functions:
A Director is a company agent acting on its instructions.
As registered at Companies House. Only one company can hold this name at any one time.
A company can change it´s name at any time, unlike it´s number which is permanent.
A company may execute deeds by affixing its seal to them.
There is no longer any requirement for a company to have a seal and it may execute deeds by either two directors or a Director and the company secretary signing the relevant document.
A prescribed form which must be filed annually with Companies House by a limited company.
Summarises current directorships, shareholders, company´s activities and company/capital structure.
The Confirmation Statement should be filed within 14 days of this date each year.
If the Articles allow, a company may, by resolution, convert one class of one type of its shares into another class or into stock or vice versa.
A company is a corporation or legal ´person´.
Cost components directly related to turnover.
A CCJ is an order from a County Court that the company must pay an outstanding debt. Generally related to non payment of a loan, mortgage etc debt in general. If the debt is paid off, the CCJ will be satisfied and recorded.
When settling debts companies often overlook notifying the court so a judgement may appear unsettled when the debt has actually been paid.
More information please see our help pages on County Court judgments.
An individual or organisation to which the company owes money - most commonly a supplier.
An absolute measure of a company´s ability to settle potential credit transactions.
The final figure calculated will depend on the previously derived Credit Score.
The % applied is directly proportional to credit score, the greater the score the higher the %.
The Current Assets divided by Current Liabilities.
If greater than 1 then assets are greater than liabilities, less than 1 then liabilities are greater than assets.
A very useful indicator, especially of cash flow.
See also Liquidity Ratio.
AVVERTENZE D'UTILIZZO: Il presente glossario contiene una definizione dei termini più frequentemente utilizzati nell'attività d'impresa nel Regno Unito.
La spiegazione di ciascuno dei termini indicati in questo glossario è di carattere meramente orientativo e priva di valore legale; si raccomanda, quindi, di tenere conto del contesto e dell'evento in cui essi vanno applicati, in quanto il significato loro attribuito potrebbe differire rispetto a quello qui rappresentato.
AVVERTENZE LEGALI - Il contenuto del sito web "www.dottoricommercialistilondra.com" è di carattere puramente divulgativo e, pertanto, non costituisce offerta diretta al pubblico e non intende in alcun modo favorire reati fiscali, riciclaggio di denaro, esportazione di capitali, terrorismo ed altri illeciti. Nessuno dei nostri servizi è svolto direttamente in Italia; su richiesta, è possibile unicamente il contatto con professionisti regolarmente abilitati, nostri referenti, dietro rilascio di fattura e regolare pagamento anticipato. La navigazione di questo sito web è subordinata alla conoscenza e piena accettazione delle nostre condizioni di erogazione dei servizi e dell'informativa sul trattamento dei dati.
DOTTORI COMMERCIALISTI LONDRA Ltd - Costituzione e Gestione Società Private Limited Company Ltd, Società Inglesi, Apertura Conti Correnti a Londra, Dottore Commercialista Londra, Studio Dottori Commercialisti Londra, VAT, Annual Return, Corporation Tax. > Glossario > Glossary Definition common commercial companies credit law terms used Glossario Definizione termini commerciali societari credito giuridici comuni utilizzati >