Dad runs a private Ltd company as sole director and shareholder. Mum hasn't had to pay a bill since the 70s and never used a computer, my sister has taken on business responsibilities. There is no will or LPA. Dad is seriously ill with cancer. If he dies it will be intestate and my mum can barely sort out a gas bill, much less run a business.
Last week he lost cognitive abilities due to morphine, got locked out of several bank accounts and my sister was unable to perform urgent transactions needed to keep his business going. I managed to resolve it in hospital with the bank and dad sat next to me, which wasn't a fun two hours.
I'm trying to take action now to prevent more crisis in the future. I think the best thing to do is have my sister (or me) appointed as a director, but a Google search on doing this suggests it's convoluted and involves having service contracts etc.
Does anyone know how much of these processes are really needed for appointing a new director to a one man band type company? What would be sufficient for being able to operate bank accounts after he died - can he simply appoint the director by telling Companies House or will more paperwork be needed?
Last week he lost cognitive abilities due to morphine, got locked out of several bank accounts and my sister was unable to perform urgent transactions needed to keep his business going. I managed to resolve it in hospital with the bank and dad sat next to me, which wasn't a fun two hours.
I'm trying to take action now to prevent more crisis in the future. I think the best thing to do is have my sister (or me) appointed as a director, but a Google search on doing this suggests it's convoluted and involves having service contracts etc.
Does anyone know how much of these processes are really needed for appointing a new director to a one man band type company? What would be sufficient for being able to operate bank accounts after he died - can he simply appoint the director by telling Companies House or will more paperwork be needed?