Hello probonopublico!
Always good to see you here.
The answer is that this has been possible since July 1992 under the
Companies (Single Member Private Limited Companies) Regulations 1992
(SI 1992/1699). Although 14 July is mentioned in the first excerpt, a
close reading of the legislation makes it clear that the regulations
didn't really take effect until the following day, i.e. 15 July
"WHAT IS A SINGLE MEMBER COMPANY?
A single member company is a private company, limited by shares or by
guarantee, which is incorporated with one member, or whose membership
is reduced to one person.
Regulations for single member companies came into force on 14th July
1992 (Statutory Instrument 1992 No.1699 - The Companies (Single Member
Private Limited Companies) Regulations 1992)."
http://www.mmpaudit.co.uk/articles/single_member_companies.html
Now the official government site. (Please don't miss the signature.
Yes, it is really him, in his pre-pantomime days.)
"Statutory Instrument 1992 No. 1699
The Companies (Single Member Private Limited Companies) Regulations
1992 "
http://www.hmso.gov.uk/si/si1992/Uksi_19921699_en_1.htm
My search strategy was to ask someone who was certain to know the
answer. Then I had only to search under:
"single member private limited companies regulations 1992"
://www.google.co.uk/search?hl=en&ie=UTF-8&oe=UTF-8&q=++%22single+member+private+limited+companies+regulations+1992%22&btnG=Google+Search&meta=
This was handy for me and, I hope, useful for you. You know you have
only to ask and I will be happy to offer clarification.
Regards - Leli |