Did you know that failure to inform Companies House of any changes to your officers can have an adverse effect on an individual’s/company’s credit rating?
Many companies do not inform Companies House of changes to their officers within the 14 day period set out in the Companies Act 2006. Whilst late filing of changes is a breach of the Companies Act 2006 and may result in a fine for the company and its officers, doing so may also affect a company’s credit rating as credit reference agencies use late filing as a means of establishing how reliable a company can be.
In order to prevent issues when seeking credit, you must tell Companies House about changes to a limited company, which include, but are not limited to the following:
- directors and company secretaries, such as new appointments and resignations
- company name
- registered office address
- accounting reference date
- location of company records
- the share structure.