Why do I have a Companies House penalty?
On an annual basis your UK Company may be required to file Accounts and a Confirmation Statement to keep Companies House up to date with all your company details. If the Companies Confirmation Statement or Accounts are not filed or are late, the company could incur a late filing penalty or be removed from the Register at Companies House. The level of penalty depends how late the Accounts are filed. Your company could face a penalty of up to £5,000.
To ensure your company is in good standing it is recommended to file your Confirmation Statement and Accounts on time.
If you do file your Accounts or Confirmation Statement late, the company would have to be checked to see if there are any outstanding penalties.
How will I know if my company has a penalty?
Companies House usually issue penalties by post, and normally send a letter to the Registered Office Address of the company.
The letter will inform you why you have received a penalty and will tell you the total amount of the penalty too. If you do not pay the penalty within a certain timescale the penalty for your company will increase and the case may be passed onto debt collectors.
If you know that you have filed a yearly requirement late and you have not received any correspondence from Companies House, please contact us as your company may have still have been issued a penalty. We can speak to Companies House and obtain information about any outstanding penalties and any outstanding requirements.
How can I avoid receiving a penalty?
Although it is not the responsibility of CFS, we like to ensure that all our customers file their yearly requirements on time to avoid penalties or complications.
If your company was incorporated through CFS, you will receive email reminders when your Accounts/Confirmation Statement is due for filing. The email notifies you of the filing due date and tells you how long you have to file the annual requirements.
Our system has the unique ability to hold onto forms until their due date. Therefore, if you would like to get be prepared in advance and get things done what your own convenience you can file them early through CFS and we will hold the form until it is due to be filed.
For example, if your confirmation statement is due on 13 November 2017, you can order the service from CFS on 13 October 2017 and we will hold onto your order and file the confirmation statement on 13 November 2017, which means you have nothing to worry about.
Please note that our price excludes the Companies House penalty amount that has been issued to the company.
If your company has a Companies House penalty and you would like assistance with paying the penalty, please order this service from our UK Additional Services.