NEWS

Thousands Receive Fines as Companies Miss Accounts Filing Deadline

With over 25,000 companies missing a deadline on 30 September last year, there were a huge number of fines given out for the late filling of company accounts in 2018.

As this year’s deadline approaches ever closer, Companies House is determined to make sure that companies don’t make the same mistake again.

In addition to the 25,049 companies failing to file in 2018, 643 companies only just missed out on a penalty and filed their accounts in the final hour before the deadline, leaving things far too close for comfort. A total of 223,640 late filing fees were handed out overall in 2018. Fines typically start at £150 for a missed accounts filing deadline.

The figures are in relation to all corporate bodies that can receive late filing penalties, including private limited companies and limited liability partnerships.

Senior enforcement manager Ian Gronland said: ‘With the summer holidays over and the school year now upon us, September can be a busy time for many people.

‘However, if you are a company director you should be aware of your responsibilities to file annual accounts with Companies House on time. Failure to do so will result in a late filing penalty.’

Ensuring all filing deadlines for Company accounts is a top priority at Shelley Capital Management. We typically work with businesses on a regular basis and reconcile all transactions monthly. That allows plenty of time to work with the client and prepare the Annual Accounts on a timely basis and file well in advance of the deadlines. Clients also have up to date and accurate information on their business, allowing them to make better and more informed commercial decisions.

For more information, please Contact Us to learn how we can help your business.



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