Becoming a director brings both freedom and responsibility. In this episode, Nicola explores what it really means to be the director of a Limited company in the UK. She explains the legal duties imposed by the Companies Act, the accountability to shareholders and stakeholders, and the personal mindset shift needed when you move from sole trader to company director.

You’ll hear how directors must keep proper records, avoid conflicts of interest, and act in the company’s best interests. Nicola also shares ways to build confidence in your new role, from understanding your reporting obligations to seeking professional support.

If stepping into a director’s position feels daunting, this conversation will set you at ease.

What You’ll Learn:

• The core legal and ethical duties of a UK company director.
• The difference between being an employee and being a director.
• Mindset shifts and practical steps to embrace your new role.

Resources & Links:

I’ve written a book that expands on the topics in this podcast and comes with a companion guide. Learn more at www.thenumbersquarter.co.uk/book.

About the Podcast:

The Balanced Business – The Director’s Handbook is a 12‑part podcast series hosted by Bedford‑based Chartered Accountant Nicola Hageman. Designed for UK small business owners and company directors, the podcast explains how to run a Limited company with more clarity, confidence, and control. Each episode covers a practical topic – from choosing your business structure and staying compliant with HMRC to budgeting, VAT, systems, and delegating. The series is based on Nicola’s book and companion guide, available at www.thenumbersquarter.co.uk/book.

About Nicola and The Numbers Quarter:

Nicola Hageman is the founder of The Numbers Quarter, a friendly and approachable accountancy practice based in Bedford. She specialises in helping owner‑managed businesses grow their profits, plan for the future, and reduce stress. Nicola is known for her plain‑speaking advice and passion for aligning personal and business goals.

Connect with Nicola:

• Instagram – www.instagram.com/nicola_hageman
• LinkedIn – www.linkedin.com/in/nicolahageman
• Website – www.thenumbersquarter.co.uk