Company Director Resigning

Discussion in 'Accounts & Finance' started by WonkyWizard, Jan 14, 2021.

  1. WonkyWizard

    WonkyWizard UKBF Newcomer Free Member

    1 0
    Hey all,

    I'm a co-director of a LTD with my business partner. I live in the Netherlands and he lives in the UK. He plans to resign as co-director (leaving me as sole director and shareholder).

    My issue is that our banks required one of the directors to live in the UK in order to get the account. Now that my co-director is resigning (and I live in NL) is this going to have an affect on holding the account?

    Thanks guys
    Posted: Jan 14, 2021 By: WonkyWizard Member since: Jan 14, 2021
  2. MyAccountantOnline

    MyAccountantOnline UKBF Legend Full Member

    13,349 2,508
    I think you'd be safest asking your bank this one.
    Posted: Jan 14, 2021 By: MyAccountantOnline Member since: Sep 24, 2008
  3. Lisa Thomas

    Lisa Thomas UKBF Enthusiast Free Member

    3,653 478
    I think you have answered your own question, the Company already as the bank account set up so it sounds like you are worrying about something that isn't an issue unless you are intending on opening up another account.
    Posted: Jan 18, 2021 By: Lisa Thomas Member since: Apr 20, 2015