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UK Company Law Has Changed

March 6, 2024

There are a series of changes to UK company law as a result of the enactment of the Economic Crime and Corporate Transparency Act last year.

These changes commenced on 4 March 2024 and will significantly impact the operation and compliance requirements of companies.

There are new responsibilities for:

  • all new and existing company directors
  • people with significant control of a company (PSCs)
  • anyone who files on behalf of a company

Key changes are:

New rules for registered office addresses: From 4 March 2024, your company must have an ‘appropriate address’ as its registered office. This means a location where any documents sent are likely to be noticed by someone acting on the company’s behalf and where document delivery can be acknowledged. PO Box addresses will no longer be acceptable. If your company is currently using a PO Box, you must update this by 4 March 2024 using your company’s authentication code.

Requirement for a registered email address: Another critical requirement is for all companies to provide a registered email address to Companies House from 4 March 2024. This email will be used for official communications and will not be publicly disclosed. For new companies, this requirement applies upon incorporation, while existing companies must comply when filing their next confirmation statement after 5 March 2024.

Statement of lawful purpose: Upon incorporation and in your confirmation statements, you will need to affirm that your company is formed for a lawful purpose and that its intended activities will be lawful. This step is to ensure that all companies operate legally. Non-compliance with this requirement can lead to the rejection of your documents.

Failure to comply with these new regulations, especially regarding registered office and email address, could lead to the committal of corporate offences and, potentially, the striking off of your company from the register.

We suggest you take the following steps now to ensure you comply with the above:

  • Review and update your registered address if you use a PO Box
  • Prepare and submit an official email address
  • Ensure you comply with the lawful purpose statements – review your company’s objectives and activities to ensure they align with lawful operations

Companies House are also increasing their fees. A table of all the new fees can be found here. If we submit your confirmation statement and include it in our monthly charge we will be in touch separately to increase our fee in line with the new Companies House one.

If you would like any help with the above please get in touch

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