Contact Companies House

Contact Companies House if you have any questions about UK company incorporation procedure and legal filings requirements. They are the governing body for businesses trading as limited companies and partnerships in the United Kingdom. Broadly, they administer and maintain public records of private and public limited companies. In addition, they also administer statutory filing of limited liabilities partnerships. In other words, they make sure companies and partnerships submit their Confirmation Statement, annual accounts and other compulsory legal documents with them on time for public record.

Generally, your company and limited liability partnership must submit the following documents to the Registrar of Companies and HM Revenue and Customs (HMRC) every year. There is no exception to a dormant company and a non-trading company. Both types of these companies must submit accounts and also file their Confirmation statement.

In addition, all your companies and partnerships’legal documents must also comply with the Companies Act 2006.

If you are not familiar with the UK company law (the Companies Act 2006), it is best to use a firm of accountants to take care of your UK company’s filings for you. This would allow you to focus on your business rather than stress about how to do this or that to maintain your UK company. Another thing is your accountant can also help you to avoid the late filing penalty and fines from Companies House. Usually, they would send you reminders when your UK company’s filings become due.

Companies House’s contact details are as follows:

Contact centre: 03031234500
Mini-com: 02920381245
Email: enquiries@companieshouse.gov.uk
www.companieshouse.gov.uk

If you would like to send your SIGNED UK company accounts by post, please send it to one of the following Companies House offices. For example, if your company has a registered office in England or Wales, you can send your Signed company accounts to either Companies House Cardiff office or Companies House London office.

Companies House Cardiff

Crown way
Cardiff
CF14 3UZ

Companies House Edinburgh

Fourth Floor
Edinburgh Quay 2
139 Fountainbridge
Edinburgh
EH3 9FF

Companies House London

4 Abbey Orchard Street
Westminster London
SW1P 2HT

Companies House Northern Ireland

Second floor
The Linenhall
32-38 Linenhall street
Belfast
BT2 8BG

Feel free to contact Companies House or our London Accountants, if you have any questions about the UK company’s statutory filings. We will be more than happy to help you.

You have a great day.

Be prepared for Brexit no deal

Be prepared for Brexit no deal, it is no long to go now. The Brexit date and time is 31 October 2019 at 2300, UK will be officially not part of the EU. This would not change no matter what, according to Prime Minister Boris Johnson. So the only outcome we are waiting for is, whether there is deal or no deal.

While we wait for the Brexit outcome, UK government has created an online checker tool to help UK businesses to get ready for Brexit on 31 October 2019. The checker tool is very easy to use. You just need to answer the questions and the checker tool will retrieve the relevant information and also recommendations on what to do.

Work permit or Visa for your staff

For example, if you have staff from EU countries working in your UK business, you may need to check if your staff need a work permit or visa to continue to work in your UK business after Brexit. Generally, EU nationals want to continue living in the UK after Brexit, they must either apply for a settled status under the EU settlement scheme or apply to become a British Citizen. The EU settlement application is free. There is an one time application fee for British citizenship application.

Business travel to Europe after Brexit

Besides, if you frequently travel to EU for business purposes, you must follow the travel to Europe after Brexit rules. For example, make sure your passport has at least six months before expiry.

Another thing, if you travel to Europe by car. You must put a GB sticker on the back of your car, even if your number plate already shows GB with a Euro symbol. You could get a fine if you do not have a GB sticker when you need one. Read more about driving in the EU after Brexit and GB sticker here.

The checker tool make your life very easy to know what you need to do to be prepared for Brexit no deal. Use it, it is a free tool.

Global recession

Recently, the media published many articles centered around the global recession is coming. Is this true? If it is, what can you do to keep your business thriving during recession?

Streamline your business operations

It is time to audit your business operations costs, to see if you can get cheaper provider elsewhere with the same quality of service.

Generally, the UK electricity supplier always put their prices up on renewal. Usually, even their cheapest contract price for renewal would be higher than your current contract price. For this reason, It may be worth for you to shop around for cheaper electricity suppliers available in the market nearer to your contract renewal period.

If the office building belong to your business, is it possible for you to install solar panel so you produce your own electricity and if there is any excess, you can sell it back to electricity companies.

Do not be put off by the changing supplier and paperwork stuff to swift supplier. The amount of time you spent on sorting out the paperwork would save you a chunk of money which you can save it or use it on something else.

The same goes with renting your office space. Can you get an office space for lower rent somewhere else? Take into consideration of your staff travelling to work time. Preferably, your location not going to be resulting in your staff have to pay more for travelling. Otherwise, you either increase their salary or you give travelling allowance or you take the risk that they are willing to absorb the extra travelling time and cost. Just be fair.

Encourage your customers to pay

During recession, people usually hoard on to their money and want to spend less. You may like to offer your customers an attractive discount to make them pay you upfront or early settlement. By doing this, you avoid bad debts. So why not?

Similarly, if you must also be mindful before you increase price with your existing customers. Passing on your increasing business costs to your existing customers may not be a good move. You risk them to swift to other provider whom can offer more affordable products and services similar to yours.

If your existing customers come to you with cash flow issues, help them to pay you. Devise an installment payment plan for them. For instance, say, they owe you £5000. You allow them to pay you in equal installment of £1000 per month and they will settle their invoice on the 5th month. With this, zero bad debts for your business.

Companies House and HMRC

In some cases, Companies House and HMRC allow installment payments. However, you must write to them with your proposed payment plan and explained why you cannot pay your late filing penalty and/or your company taxes on due date. Your proposed installment payment plan would not be automatically approved, Companies House and HMRC will review your proposal and get back to you in writing.

For example, you incur late filing penalty of £1500 because your company accounts were late for more than 6 months. Ask your accountant to write to Companies House with a proposed installment plan that what your business can pay. Say you can pay £500 per month,then state that in your proposal. After you settle your late filing penalty invoice, make sure you file your company accounts and confirmation statement on time every time.

Contact our London accountants if you have any questions about your UK company.

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