Thousands of UK companies risk falling foul of new Companies House reporting rules

Upcoming changes from the Companies Act 2006 require businesses to substantially change the way in which they file their records.

From October 1st 2009, companies will have to meet stringent new rules, such as including details of Voting Rights in their annual return; re-filing any register locations outside of the main registered address and making sufficient provision for a declaration of Directors’ interests.

Thousands of companies are simply not aware of the potentially huge administrative burden that they have to be prepared for by the first of October and have not put into place procedures and process for coping with the changes.

The new Statement of Capital requirement means ‘Voting Rights’ must be entered for every share class of every company and to be replicated within the body of the annual return and associated forms. This could range in size from 1 to 100 pages of text, depending on company type.

See full Press Release.