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How the latest Companies House changes will affect your business

On 30 June 2016 Companies House introduced a raft of changes to their requirements for unlisted companies.

These included:

  • Simplification of the Statement Capital for companies
  • Reduction in the time period for striking a company from the register
  • Removal of a directors full date of birth from Companies House data products, images and new filings
  • Increases in Companies House Fees.

Introduction of the PSC Register

The most significant change was the introduction of a register for people with significant control – the PSC Register.  It is now a legal requirement for companies to hold a PSC Register.  It is hoped that this will make it easier to identify those people in control of a company and cut corporate crime.   For more information, read our earlier article by clicking here.

Replacement of Annual Return Form

The Annual Return Form (AR01) has been replaced by a Confirmation Statement. This change has been made with the aim of simplifying the annual return of information, making life easier for companies to ensure compliance with the annual filing requirements.

More information

You can find details of all the changes made by the Small Business, Enterprise and Employment Act 2015 by visiting the Government website.

For more information or advice on this, or any other business related legal issue, please contact Peter Flowerday on 0115 9 100 200 or click here to send an email.

This is not legal advice. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website.

Posted on August 16, 2016

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