Responsibilities of Being a Director

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

As a company director, you’re responsible for:

• Ensuring your company is actively managed and remains solvent

• Acting in the best interests of the company and its shareholders

• Keeping proper records of decisions and finances

• Ensuring all company activities are lawful and properly authorised

What do I need to record?

As a director, you must keep accurate records of key decisions and agreements. Make sure the following are properly documented and securely stored:

• Board resolutions (e.g. buying or selling property, taking out a mortgage)

• Contracts or agreements

• Director decisions

• Loan agreements (e.g. owner loans)

What does GetGround help with?

GetGround takes care of the administrative and compliance burden so you can focus on your investment. Here's what's included:

• Maintaining statutory records

• Filing required documents with Companies House

• Providing secretarial and administrative support

• Offering guidance on compliance

• Reminding you of key filing deadlines (e.g. confirmation statement, annual accounts)

Can I be held personally liable?

Yes. If you fail to meet your duties as a director — whether through fraud, negligence, or failing to comply with statutory obligations — you can be held personally liable. This may include:

• Fines

• Disqualification

• Personal financial liability for company debts in serious cases

If you're unsure about your duties or want to reduce your compliance risk, speak to the GetGround team.