Nexa launches Your CoSec using KUDOCS cutting edge legal tech
We are excited to announce the launch of Nexa’s new company secretarial service Your CoSec. Offering great value for companies of all sizes, we are delighted to be partnering with KUDOCS to deliver an exceptionally efficient, safe and modern solution to the traditional problem of corporate administration.
What is KUDOCS?
KUDOCS is a new type of software designed for lawyers, by lawyers which gives it a very practical edge. The cloud-based system gives users unparalleled access to and control over corporate information. It’s connected to Companies House to enable live e-filing and updates and can automate certain basic transactions such as share issues and buy backs.
Oliver Stanley, CEO and founder of KUDOCS, commented:
“We are excited to be collaborating with Nexa as they launch Your CoSec; they are a business which shares our passion for modernising the legal industry and we’re looking forward to a long and productive partnership with them.”
Nexa’s corporate and finance lawyer, Henry Clarke is leading Your CoSec. Henry commented:
“I’m really happy to be launching this new offering to companies from Nexa. I’m confident that the KUDOCS technology will assist us in delivering a much more efficient and value driven service when it comes to company secretarial tasks. I believe it’s a great step forward for corporate clients who will benefit from this exciting legal innovation. Following our extensive testing, I’m very much looking forward to getting going with it!”
Why do companies need a new type of company secretarial service?
Let’s be honest, no one really relishes doing the paperwork! All too often, companies discover that their company books are not in good order – and may be haven’t been for years – when they are gearing up for an important transaction.
Perhaps they are trying to secure some new funding or preparing for an IPO and investors are casting a fine-tooth comb over the paperwork. Perhaps an owner is looking to exit a company on retirement and potential buyers are doing their due diligence. If irregularities in the bookkeeping come to light this can really hold things up and, in the worst-case scenario, even scupper a deal.
But company secretarial is not just about crossing the i’s and dotting the t’s, it is a legal requirement that the right company records are generated and maintained at the right time. This is a legal risk that needs to be managed appropriately. Legally trained professionals are often best placed to carry out this work as they understand corporate law requirements and can ensure that transactions such as share buy backs are completed compliantly.
A word from Nexa’s CEO…
Nigel Clark, Nexa’s CEO said,
“They say you are judged by the company you keep, so we at Nexa are delighted to be working with Oli and his team at KUDOCS. They have built a really quality product which enables us to deliver Your CoSec to our corporate clients. We are also very thankful to Henry for all his hard work getting this off the ground for Nexa.”
How much will it cost?
Different companies will have different requirements and we are happy to provide a bespoke, no-obligation quotation for specific services on request. However, as a guide, for the basic package of company filings and routine administration we anticipate a range of between £700 – £900 plus VAT per year – depending upon the size and type of company.
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