The board of directors are responsible for the day to day duties involved in running the company and ensuring it meets its responsibilities and deadlines. Every company director has a personal responsibility to ensure that statutory documents are delivered to Companies House as and when required. A director does not have to reside in the UK , however they must be over the age of 16 and not be an undischarged bankrupt.

The secretary predominantly plays an administrative role in the company and ensures that the statutory register is maintained in good order as well as ensuring the responsibilities of the company are fulfilled. Again a secretary must be over the age of 16 but does not have to reside in the UK. As of the 6th of April 2008 it is no longer a statutory requirement for a private limited company to have a company secretary.

Shareholders are the individuals or corporate bodies who collectively own the company and enjoy the power to vote on many issues. The voting rights and extent of ownership is determined by the percentage of issued shares that they own. Shareholders can receive income from the company by way of dividends derived from quarterly or yearly profits.