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Single Alternative Inspection Location - SAIL

 

What is SAIL?

SAIL stand for the Single Alternative Inspection Location.

SAIL was brought in under the Companies Act 2006 which took effect on 1 October 2009. The purpose of SAIL is for the director to provide Companies House with the address of where their company records and registers are kept if it is not kept at the registered office address.

Today, many businesses are run from home and the owners would not want to use their home address as their company registered office as this address is for public record. They signed up for registered office address services of company formation agents or using their accountants’ office address. It is likely that the owners keep their company records and registers at their homes or at other addresses.

The law requires directors to disclose the address where the company records and registers are kept. Each company is allowed only one SAIL. If it is the first time you are notifying Companies House of your SAIL address, you are require to submit Form AD02.

Should there be any changes to your SAIL address, for example, you are no longer working from home, you moved to an office and you intend to keep your company records and registers then you are require to file Form AD03 informing Companies House of the change of SAIL address.

If you moved your company records and registers back to your company registered office, the form you require to file with Companies House is Form AD04.

The SAIL address must be presented in your company annual return. If you require help with filing your company annual return with Companies House, our accountants are more than happy to assist you. Your company annual return will normally be filed within 24 hours upon receiving all required information from you.

Concise Accountancy – making company admin simple for businesses

 
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Testimonials

I provide IT consultancy services to UK businesses and I have no knowledge whatsoever about doing accounting books. I was very keen to learn to do it myself. I spent hours reading bookkeeping reference books, learning double entry and I was very proud that I understand the basic accounting so I did my books.

When the time to do my company year end accounts, I discovered that I have been recording information incorrectly and that I have to reorganise everything. my former accountants charged me a fortune to fix my incorrect records.

My advice to all is that it is worth to talk to people who know about these things to avoid disappointment and unnecessary work in a year’s time.

Time is expensive and sometime it is worth spend a little for a big gain in your business.

Mr. Duncan, owner of an IT Consultancy business