Important Updates from Companies House for Limited Companies

Important Updates from Companies House for Limited Companies

Running a business involves staying on top of various regulatory changes and compliance requirements. Here are some important updates from Companies House that may impact your business operations:

Changes Effective March 4th:

  1. Registered Office Addresses: Starting March 4th, it's important to note that PO Boxes will no longer be accepted as registered office addresses. However, an Agent/Accountant address remains acceptable. Ensure compliance by updating your registered office address accordingly.
  2. Registered Email Addresses: All companies are now required to provide a registered email address for official correspondence.

Upcoming Fee Adjustment on May 1st:

  1. Companies House Fees Increase: Beginning May 1st, 2024, Companies House fees will undergo adjustments to support ongoing reforms. Find the full list here.

Forthcoming Changes (Date to be Announced):

  1. Enhanced Information Scrutiny: Companies House will have increased authority to query, remove, or reject inconsistent or incorrect information.
  2. Stricter Company Name Checks: Expect additional scrutiny on company names entered into the register.
  3. Annotations and Data Accuracy: Companies House will flag potential issues and remove inaccurate information through improved data matching.
  4. Data Sharing and Identity Verification: Enhanced data sharing with government departments and law enforcement agencies, coupled with stringent identity verification requirements for company owners, runners, or new setups.
  5. Account Filing Amendments: A reminder that accounts must be filed electronically, and small or micro-entity companies will encounter changes in the details required.

We understand that staying compliant with these regulatory changes can be overwhelming. Rest assured, our team is here to assist you every step of the way. If you have any questions or require assistance with these updates, please don't hesitate to reach out to us.

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If you would like further information on these areas please contact one of the team.