What’s a Confirmation Statement?

    • 37 posts
    September 24, 2024 12:13 PM EDT

    What’s a Confirmation Statement?

    A Confirmation Statement CS01 is an essential filing requirement for all UK limited companies and LLPs. It is a document submitted to Companies House that verifies the information they hold about your company is correct and up to date. Unlike other filings, the Confirmation Statement is a yearly update that ensures the accuracy of details like company directors, shareholders, and the registered office.

    Key Information Included in a Confirmation Statement:

    • Company Name and Registration Number: Confirms that your company’s legal details remain accurate.
    • Principal Business Activity: The SIC code identifies your company's core business.
    • Shareholders and Shares: Updates any changes in share ownership or company capital structure.
    • Registered Office Address: Verifies that the address on record is still valid for official correspondence.

    Why Is Filing a Confirmation Statement Important?

    The Confirmation Statement is a legal obligation for every company. It ensures your business complies with UK regulations and keeps the public register updated with accurate information. Failing to file it can lead to penalties, fines, or even having your company struck off the register.

    The good news? Filing the Confirmation Statement is straightforward. You can file it online or by post, but it's crucial to ensure all details are correct. If you run into complexities, professional services like XactAccountants can assist in managing your company filings and ensuring compliance.