#confirmationstatement

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.