Changes yesterday (16 April 2020) were announced by Companies House to help businesses avoid being struck off the Companies House register, as they deal with the impact of COVID-19
Companies House have announced that they are committed to supporting businesses who may be struggling meeting their filing requirements during the coronavirus outbreak. They have confirmed that they will continue to write to companies who are late filing their annual accounts or confirmation statement, however for a temporary period they will:
- Ease strike off activity;
- Treat late filing penalty appeals sympathetically – if the late delivery of accounts was caused by the COVID-19 outbreak;
- Provide a break for companies to pay late filing penalties; and
- Provide additional support with payment plans for late filing penalties.
In addition to the above, Companies House had also introduced new temporary measures for those companies filing applications for voluntary strike offs. Upon receipt of the DS01, Companies House will register the application and publish a notice in the Gazette in the usual way, so that the public can still be informed. However, once that has been done, they will suspend any further action to strike off and dissolve the company. This action has been temporarily introduced to protect creditors and any other interested parties who may wish to object to the strike off.
Such measures will be reviewed again on 1 May 2020.
For further information on the above changes please see https://www.gov.uk/guidance/coronavirus-guidance-for-companies-house-customers-employees-and-suppliers
For more information on the issues raised in this article or if you have any other questions relating to the running of your business in these unprecedented times, then please contact a member of our corporate and commercial team on 01524 548494 or 01228 552600.
This alert does not provide a full statement of the law and readers are advised to take legal advice before taking any action based on the information contained herein.