Section 155 of the Companies Act 2006 requires a company to have at least one director who is a natural person, as opposed to a corporate entity. Every company formed on or after 1 October 2007 must comply with this requirement. However, for companies that were already in existence before 8 November 2006 (the date that the Companies Act 2006 was enacted), a transition period was put in place. This allowed those companies to continue with only corporate directors until 30 September 2010.

There are an estimated 24,459 companies still without a human director - if you are a corporate director or secretary of a company in this position, now is the time to rectify things as the penalty could be a fine of up to £5,000 on summary conviction.