Why this matters.
Every UK limited company must file a confirmation statement at least once every 12 months and annual accounts within strict deadlines (usually 9 months after the company’s financial year end for private companies). Late filing of accounts results in automatic, escalating penalties — starting from £150 and rising to £1,500 for accounts filed more than 6 months late, doubling if accounts are late two years running. Persistent failure to file can lead to the company being struck off the register, which can also affect directors’ ability to act as directors of other companies.
The Economic Crime and Corporate Transparency Act 2023 has also introduced significant changes to Companies House requirements, including identity verification for directors and persons with significant control, and stricter rules around registered office addresses (a PO Box can no longer be used as a registered office). These changes are being phased in, and companies that don’t keep track risk filings being rejected or facing compliance issues they didn’t anticipate.