Overdue Company Accounts: Dissolve to avoid the penalty


limited companyIf a company files accounts with Companies House after the due date it is liable to pay a penalty fee, the size of which depends on how late the accounts were filed:

(for private companies)
Less than 1 month: £150
1- 3 months: £375
3- 6 months: £750
6 months +: £1500

A company can normally avoid this penalty by filing (and having Companies House accept) a company dissolution rather than the overdue accounts. Obviously this results in the closure of the company.

Our Company Dissolution service

This post was brought to you by Mathew Aitken at Companies Made Simple – The Simplest Company Formation Service

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