Virtual offices are fine. Home addresses for directors should be…… home addresses for directors unless there are special circumstances. Unfortunately there are some virtual offices e.g. 3 Gloucester Street in Bath that look and feel like a residential address. If the directors choose to put this as their home address then the company cannot be traced. In the above case they did not forward mail, nor did they know how to get in touch with any of the directors of the company. In this situation, unless there are special circumstances, I think registering a phony home address as a director should be illegal.
What is an exclusive license? There are people around who profess to have them and would like to charge other people good money to have a share of them.
In theory with an exclusive license there is a value, presumably somewhere near to the purchase price at the start and rising if the company does well, or falls if the product proves a failure in the market.
The Carbon Neutral Heating Company Limited professed to have an exclusive license to Caminetti Montegrappas stoves, and that they would be selling their boilers when they hit the market.
This license amongst others were worth somewhere between £15,000 and £250,000 depending on who was sold shares in the company.
Unfortunately a copy of the license has not been seen.
If you come across a David Jacobs (David John Anthony Jacobs) who professes to be an ex solicitor in his dotage who “dabbles” in business, then beware and make sure that at least you do full due diligence on what he says.
He is indeed an ex solicitor, struck off, with the details being in an above blog. He does dabble in business. He does not always tell the full truth, and does not pay his debts. Or to be more accurate he will incur a debt on behalf of another body and then claim he is powerless to pay it.
If you start a limited company in the UK what are the rules on the addresses you use?
For instance if you purchase a mail facility from a virtual office company, but don’t inform them that it is your trading address is that allowed? Furthermore if you don’t tell them (or anyone else where you can be found) is that allowed?
As a director I thought that you had to list your home address as a director. Are you allowed to list a virtual office address instead? Furthermore you don’t tell the virtual office any personal details about yourself.
If you visit companies house and investigate carbon neutral heating company limited you will find out that they are registered at 3 gloucester road in Bath. David Jacobs has only paid for a mail collection service.
David Jacobs does not live at 3 Gloucester Road in Bath, but he does list this as his directors address.
If he is not allowed to do this how can you enforce it?
If he is allowed to do this – how can you enforce any debt?
If you had been struck off as a solicitor can you tell a group of people you were a practising “city” solicitor without disclosing you were struck off?
David John Anthony Jacobs
Friday 05 May 2000
David John Anthony Jacobs
On 3 March 2000 the Law Society intervened in the practice of the above-named solicitor, who practised at 15 New Square, Lincoln’s Inn, London, under the firm name of Jacobs Minet.
Richard Underwood of Walker Martineau of 64 Queen Street, London, EC4 IHB, tel: 020 7236 4232, acted as the Society’s agent.
Following the intervention on 8 March 2000 the Committee approved the disposal of the files to Messrs Minet Pering of 15 New Square, Lincoln’s Inn, London WC2A 3SJ, tel: 020 7405 5885, DX 405 London/Chancery Lane.
The respondent was ordered to pay 3,013 costs.
David John Anthony Jacobs
Admitted 1979;
Application 8211/2000;
Hearing, 19 June 2001;
reasons, 6 August 2001
The SDT ordered the respondent, formerly of Oak Bank, Pikes Hill Ave, Lyndhurst, Hants SO43 7AX, who had practised on his own account, to be struck off the Roll on 19 June 2001 for breaches of the accounts rules, in that he had failed to reconcile his firm’s accounts not less than once every five weeks, contrary to rule 11(5) of the Solicitors Accounts Rules 1991 (alternatively, rule 32(7) of the Solicitors Accounts Rules 1998); he had failed to keep properly written-up accounts, contrary to rule 11(1) of the 1991 rules (alternatively, he had failed to keep proper accounting records, contrary to rule 1(g) of the 1998 rules); he had paid client money into office account, contrary to rule 3 of the 1991 rules (alternatively, rule 15 of the 1998 rules); he had withdrawn money from client account for costs in the absence of delivery of a bill or other written intimation to the client, contrary to rule 7(a)(i) of the 1991 rules (alternatively, he had transferred money for costs from client account to office account otherwise than in accordance with the accounts rules, contrary to rule 19(2) and (3) of the 1998 rules); he had withdrawn money from client account on behalf of a client in excess of that held for that client, contrary to rule 7 of the 1991 rules (alternatively, rule 22(5) of the 1998 rules); and he had failed to produce full accounts when so required, contrary to rule 27 of the 1991 rules (alternatively, rule 34 of the 1998 rules); and for unbefitting conduct, in that he had failed to comply with the terms of professional undertakings given by him; he had parted with money on instructions of his client in breach of an implied assurance to a third party that the money would be retained by him; and he had given an undertaking and obtained a loan thereby without due regard to his ability to honour the undertaking.
http://www.lawgazette.co.uk/news/solicitors-disciplinary-tribunal-34
David John Anthony Jacobs
Solicitor; struck off the Roll on 19 June 2001 (application 8211/2000).
