On 30 June 2016 Companies House introduced a raft of changes to their requirements for unlisted companies.
- 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The Annual Return Form (AR01) has been replaced by a Confirmation Statement.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.
You can find details of all the changes made by the Small Business, Enterprise and Employment Act 2015 by visiting the Government website.
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