In a continued effort to support businesses who are struggling to meet their legal responsibilities due to the impact of COVID-19, Companies House announced on 16 April 2020 temporary new measures relating to late filings and procedures for striking off companies.
Three month extension
As set out in Girlings’ recent update ‘Revised Deadlines for Companies House’, all companies must file their Company accounts, reports and confirmation statements annually. Companies who fail to submit their annual accounts to Companies House on time face automatic penalties. Since 25 March 2020, Companies House has introduced a three month extension to filing deadlines for those companies who make an application using the following link: Apply to Extend Your Accounts Filing Deadline.
Corporate & Commercial team
Striking off Procedures
If a company ultimately fails to file its accounts, reports and confirmation statements, Companies House can take steps to strike off the company from the Companies Register.
In an attempt to alleviate some of the current pressure on businesses, and protect those who may want to object to the company being struck off, Companies House has announced the following suspension/relaxation of their striking off procedure:
- For companies who fail to make the necessary filings: Companies House will continue to write to the company requesting the documentation but will not currently take any further steps to strike off the company.
- For companies who have made a voluntary application to be struck off the register: Companies House will follow its usual procedure of publishing a notice in the Gazette, but will pause any further action to strike off the company.
- For companies being struck off due to insolvency (i.e. undergoing administration or liquidation): the above changes will not apply.
If you would like advice regarding company filings or the impact of COVID-19 on your business, please contact Chris Brightling, Head of Corporate & Commercial.
Before relying on this commentary please read the Reliance on information posted section in our Terms of Website Use in our Legal section. Please note that specialist advice should be taken in relation to any specific queries and the information above is provided for general information purposes only.