OLE Control message when creating a new company in NAV 5.0

When creating a new company getting an error message:

Could not create an instance of the OLE control or Automation server identified by GUID={F5078F1…}
Automation Server.Unknown Class.
Check that the OLE control or Automation server is correctly installed or registered.

There are a few OCXs called when you create a new company. You will need to check which one(s) you are missing. At a first guess, do you have Microsoft Office installed?