As part of our commitment to keep you ‘in the know’ with changes in legislation that impact your business, here is an update under the Economic Crime and Corporate Transparency Act that states new rules for registered office addresses.
It’s crucial for all companies to stay compliant with these new regulations regarding registered office addresses.
Understanding the New Requirements
The Act stipulates that all companies must maintain an ‘appropriate address’ as their registered office at all times. An appropriate address meets two key criteria:
- Visibility and Access: Any documents sent to the registered office should be expected to come to the attention of a person acting on behalf of the company. This ensures that critical communications are not missed.
- Acknowledgement of Delivery: The address must allow for any documents sent to be recorded by an acknowledgement of delivery.
It’s important to note that PO Boxes no longer qualify as a registered office address under these new rules. However, you can still use a third-party agent’s address, provided it meets the conditions listed above for an appropriate address.
Consequences of Non-Compliance
Failing to adhere to these requirements can have serious implications for your business.
Striking Off the Register: Companies that do not maintain an appropriate registered office address risk being struck off the register. This is a significant penalty that could disrupt your business operations.
Default Address: If an inappropriate address is identified, the registrar will change it to a default address held at Companies House. You will then have 28 days to provide an appropriate address, along with evidence of a link to that address. Failure to comply within this timeframe will initiate the process of striking your company off the register.
Stay Informed
For more detailed information and updates, we encourage you to visit the Companies House website or contact Robson Laidler Accountants directly: ba@robson-laidler.co.uk
We are here to help you navigate these changes smoothly and ensure your business remains compliant and thriving.