Following a recent announcement, Companies House will be increasing its fees from 1 May 2024. Whilst the increases on the one hand appear significant, they haven’t actually been increased for some years, and hopefully additional funding will help enable Companies House to bolster efficiency, and the transparency and reliability of filed business information, in line with the broader objectives of the Economic Crime and Corporate Transparency Act 2023 (ECCTA). That said, it is important for SME business owners and operators to be aware of the changes and to avoid being caught out.
The fee increases extend to various entities, not just limited companies. For example, limited liability partnerships and overseas companies. Some of the key digital filing fee changes include:
- Incorporation – £50 up from £12
- Change of name – £20 up from £8
- Confirmation Statements – £34 up from £13
- Voluntary strike off – digital £33 up from £8
A full list of the changes can be found here: Changes to Companies House fees.
Whether you are an aspiring entrepreneur, or seasoned pro and established business owner, you should consider and incorporate these fee adjustments into your financial planning.
Scott Bailey LLP boasts extensive experience in supporting SME businesses young and old with their Companies House filings, company restructures, and navigating company law.
For further information and bespoke legal assistance for SME businesses, please contact us. For further information on ECCTA, read our recent article on the new ECCTA.
Ben Ironmonger is a Partner and head of Company and Commercial Law at Scott Bailey LLP, expert solicitors in the New Forest, serving clients across Hampshire, Dorset and the South Coast.
