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UK companies are often asked to provide a certificate of good standing by an overseas organization.
The COGS is a formal certificate created by Companies House. It looks similar to a certificate of incorporation but contains additional information. The certificate is prepared and signed by a registrar at Companies House.
If the company is recently formed or is up-to-date with its filing duties (submitting accounts and the confirmation statement (previously the annual return) and no further documents or fines are outstanding) then the company is deemed to be in 'good standing'.
Generally, if your business is looking to open a bank account overseas, start an offshore company, open a new branch in a new territory or enter into large contracts with foreign companies you may need to confirm the company details. A common solution to this is to provide them with a certificate of good standing.
The COGS is widely recognized internationally and is regularly requested by foreign organizations and banks.
The COGS is widely recognized internationally and is regularly requested by foreign organizations and banks.
The standard format of the COGS includes the company name, the company number and the date of registration. In addition to this you can request that further information is added to the certificate. This is recommended as it clarifies the structure of the company. Additional information includes-
The COGS can be ordered on two speeds of service.