Recently, we have received numerous calls from businesses regarding a Confirmation Statement and so to help our audience out we shall tell you all about this mandatory action here.
All incorporated companies registered in the United Kingdom are required to file a Confirmation Statement to Companies House, every year. Even if there are no changes to the company structure and its officers.
The confirmation statement confirms key information about your business and ensures it is up to date on the public register. It is important to check the information provided is correct and sent within 14 days. You can send your statement either online or by post.
You must ‘check and confirm’ the following company information:
- Registered office, details of directors & secretary, SAIL (Single Alternative Inspection Location) address
- Shareholder details and Statement of Capital
- SIC code (Standard Industrial Classification) to identify your activities
- PSC (People with Significant Control)
You can submit a statement any time during the review period which lasts 12-months. For new companies, the review period starts on the date of incorporation while for existing companies, the review period starts the day after the last statement was made. You will receive a letter reminder to your registered office when it is due.
To file your statement, it costs £13 online or £40 on paper. It is therefore quicker, easier and cheaper online. You will have to pay every time you submit a confirmation statement to Companies House and then a new review period starts, contrary to the one time pay often believed. If you need to update shareholders information, the company SIC code or statement of capital you can do this with your statement. If you need to update your registered office you need to submit a separate form.
We at Companies999 provide all limited companies with a quick and easy confirmation statement service for just £32.99. Simply create an account with us, import your company onto our system (using the company registration number and authentication code) then with one click you can pay less and save the stress. We sort all your important documents out and send you an email reminder well in advance before your due date.
The Confirmation Statement was introduced on 30th June 2016 and replaced the ‘Annual Return’ as part of The Small Business, Enterprise and Employment Act. It serves the same purpose just in a simplified format.
The Confirmation Statement must reach Companies House no later than 14 days after the due date. If the appropriate protocol is not followed it is a criminal offence. You can be fined up to £5, 000 and your company struck off.
For more information you can visit the Companies House website here.
A confirmation statement is also important for when you transfer company shares, please see our guide How to Transfer Company Shares for more details.
We also provide a Business Consultation to fulfill all your business needs.