When a limited company is first incorporated, at least one company director must be appointed but thereafter any number of other directors can be appointed providing each meets the following criteria:
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They are over 16 years of age
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They do not have a criminal record
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They have not been declared insolvent nor faced bankruptcy proceedings
To appoint a new director, form AP01 must be completed and submitted to Companies House who will then register the details of the new director on the company’s record.
Similarly, a director can resign from a company at any time and this can be for a variety of reasons although no explanation has to be offered on form TM01 that is submitted to Companies House. Reasons for resigning could include:
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Ill health
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Retirement
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Change of job/moving to other employment
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Death
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Inability to work with the other directors
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Being disqualified from holding the position of director
If you do want to appoint a new director to your company or a director wishes to resign then 121 Company Formation offers a free service to process these actions by completing and submitting the correct paperwork on your behalf to Companies House. Thereafter any changes should appear in the company history within 24 hours.