What happens if you miss confirmation statement ?
Companies must file a confirmation statement within 12 months and 14 days of incorporation or their last filling date. Filling a confirmation statement late can cause serious consequences. In this blog, we will explain risks and how to avoid them.
1)Your Bank Account Can Be Closed
Banks can access companies house data. If companies miss the deadline, they can close your bank account and hold your money
2)Companies House Can Charge Penalty
In recent statements, companies house has announced that if you miss the deadline they may charge a penalty to your company.
Also missing the deadline can cause personal liability for the directors fines of up to £5,000.
3)Company Reputation Can Be Ruined
Confirmation statement filing history can be viewed publicly if you miss the deadline the companies that plan to work with you can check your companies filings and missing these deadlines can affect your company’s reputation
4)Company Can Be Struck Off
This is the most critical result. If confirmation statement isn’t filed on time and if you fail to make this submission for a long time your company can be closed and your business can stop completely.
How Can You Avoid Late Filling
You can purchase the service from Company complaince Hub ttps://companycompliancehub.co.uk/ for deadline tracking and confirmation statement submission.
You can Aalsouse companies house eremender system. Companies house gives you notice before confirmation statement filing deadline. However you need to deal with confirmation statement filling yourself.
Learn what happens if you miss a confirmation statement. Company Compliance Hub explains penalties, strike-off risks, and compliance obligat
Company Compliance Hub provides expert UK filing services including confirmation statements and dormant accounts to keep your business compl