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Late Filing Penalties

Are there additional costs or penalties?

Yes. The Treasury Solicitor, whose costs are normally met by the claimant(s), will represent the Registrar. In addition the company must normally pay any statutory penalties for late filing of accounts delivered to the Registrar outside the period allowed by the Companies Act 2006. The penalties that may be due are:

  • Unpaid penalties outstanding on accounts delivered late before the company was dissolved; and
  • Penalties due for accounts delivered on restoration, if these accounts were overdue at the date the company was dissolved

The level of any late filing penalty depends on how late the accounts are when the Registrar receives them.

In the case of accounts delivered on restoration, the period during which the company was dissolved is disregarded.

Length of delay (measured from the date the accounts are due) Penalty: Private company Penalty: Public company
Not more than 1 month £150 £750
More than 1 month but not more than 3 months £375 £1500
More than 3 months but not more than 6 months £750 £3000
More than 6 months £1500 £7500

For example a private company's set of acceptable accounts for the accounting period ending 30 September 2017 would need to be delivered by 30 June 2018 to avoid a late filing penalty. If they were not delivered to Companies House until 15 July 2018 the company will incur a late filing penalty of £150. The penalties will be doubled if a company files its accounts late in two successive financial years.

Contact us today for company restoration advice.