9. The Imaginary Company

9. The Imaginary Company

From CFO Voicenotes from Harriet Formby by Harriet Formby

July 5, 2025 · 19 min · Season 1

About this episode

Harriet Formby explores the concept of limited companies in the UK and their historical context.

This week, I’m exploring some major news for small UK companies - but also pulling back the curtain a bit on what a company really is. Because underneath the filings and frameworks, a limited company is kind of… imaginary. A structure we all agree to treat as real. And when you start to see it that way, Companies House becomes more than compliance - it becomes an archive of stories. Some centuries old. In this episode, I share: - The recent reversal of UK plans to make small Ltd companies publish their full profit & loss accounts - Why the idea of a limited company is actually a form of collective imagination - The story of the UK’s oldest surviving Ltd company - founded in 1856 and still trading today - How the Companies House register began as a fraud prevention tool in the 1840s - What modern Companies House reforms are trying to prevent now (and how it connects to the past) - A practical breakdown of the different taxes relevant to Ltd company owners  Pictured: a parliament of rooks (yes thats the collective name). A reminder that birds also have their own social systems - just as we’ve imagined legal ones like Ltd companies into being.

People in this episode

Host: Harriet Formby

Topics covered

  • small UK companies
  • limited company
  • Companies House
  • corporate structure
  • taxes for Ltd company owners
  • history of companies

Keywords

  • limited company
  • Companies House
  • UK business news
  • profit and loss accounts
  • corporate imagination
  • tax breakdown
  • history of companies

Mentioned in this episode

Organizations: Companies House

Places: UK

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