Responsibilities of Being a Director

What are my responsibilities for running the company day-to-day?

As a company director, you’re responsible for:

• Making sure your company is actively managed and solvent

• Acting in the best interest of the company

• Keeping proper records of decisions and finances

• Ensuring all company activities are lawful and properly authorised

What do I need to record?

You should ensure that the following are properly documented and stored:

• Board resolutions (e.g. buying or selling property)

• Contracts or agreements

• Director decisions

• Loan agreements (e.g. owner loans)

What does GetGround help with?

GetGround supports directors by:

• Maintaining statutory records

• Filing required documents with Companies House

• Providing secretarial and administrative support

• Offering guidance on compliance

Can I be held personally liable?

Yes — in cases of fraud, negligence, or failure to fulfil statutory duties, directors can face:

• Fines

• Disqualification

• In some cases, personal financial liability