In today's episode Adrian Lawrence our in-house financial expert talks about how Companies House, the UK's Government agency that deals with the filing of company accounts, has suspended its voluntary and compulsory strike off notices. This is part of the wider Government pandemic initiative to help companies during this challenging time.
Often directors rely on postal reminders to keep their company records in order, and with the prolonged third lockdown in the UK, this is an increasing issue. So by giving companies an extra month to catch up with their admin the initiative is helpful.
What companies house is saying it that "We’ll continue to publish first Gazette notices for voluntary strike off applications to minimise the impact on those who have applied to close their company - but we will not be publishing the second Gazette notice and striking companies off during this period. For companies on the compulsory strike off path, we will not be publishing first and second Gazette notices.
Pausing our strike off processes will provide companies with more time to update their records and help them avoid being struck off the register. It’ll also protect creditors and other interested parties who might have had difficulties in receiving notices or registering an objection, or whose objections have not yet been processed."
So some positive news for those managing the company secretarial affairs of UK companies.
To learn more about Reporting Accounts and how we make use of the data from Companies House, visit our website at https://www.reportingaccounts.com where you will find information and insights into more than 4.8 milllion UK companies.