With a certificate of good standing, a company has a valid legal document that, in essence, states that the company is doing well. Officially it means that your company has had continuous and unbroken existence, and that it is not in liquidation. The Registrar of Companies issues the certificate with the indication that they have no intent to liquidise the company at this moment in time. Shareholders and investors may well want to know whether or not a company is worth their time. The certificate of good standing proves to the client that your business is stable and will encourage them to spend their money or resources on you. The following list gives details of just why the certificate is so important:

·         The certificate of good standing is valid in an official court of law or legal proceeding.  It is universally recognised and accepted without question.

·         Some clients make it mandatory for a business to have a certificate of good standing to be an associate with them. This causes a very obvious problem if you do not have a certificate. This is not hugely common, but it is always good to be on top of any potential problems.

·         The certificate of good standing is a condensed and concise document that contains all of the relevant information about company. This information includes but is not limited to its date of formation, name and number.

·         Having the certificate makes having several other documents irrelevant; the certificate covers the role of these documents and obligations. It is good as a quick referral.

·         It proves that the company is doing well at the current moment in time, and is not in any danger of collapse. This obviously serves well to attract new clients and reassures them that they are not leading themselves into a nasty trap.

It would be very foolish of a company not to get one with all of the perks clearly listed above. The question you may well be asking is just how you get one. NLI can help with this. For the very affordable fee of £45, we will make sure that your company receives an entirely valid certificate of good standing from the Registrar of Companies. Alternatively you could apply for one on your own, but this will take up your time and money that you could be putting into other areas of your business. Let NLI do the hard work so you don’t have to do it yourself.