Confirmation statements: rising costs covered for Vestd customers

You’ve probably heard the news: Companies House has almost tripled the fee for filing confirmation statements online to £34.

Our customers need not worry. We’ve soaked up the costs so they don’t have to. Nevertheless, if you need a quick refresher on confirmation statements, read on.

Why you need to file a confirmation statement

Every company in the UK, whether active or dormant, must file a confirmation statement at least once a year. This keeps the information about your company up-to-date with Companies House.

Even if nothing has changed in your company, you must still submit a confirmation statement.

As of 5 March 2024, there’s an added requirement: you need to declare that your company’s future activities are lawful. 

Basically, you must have your ducks in a row to fulfil your reporting requirements. 

Changes to note before filing

Before you file your confirmation statement, you need to update any changes to your company’s:

• Directors and secretary
• People with significant control (PSC)
• Registered office address
• Registered email address (mandatory from 5 March 2024)

These updates ensure your company’s records are accurate and compliant.

Paper filing vs digital filing 

We recommend filing your confirmation statement digitally. Soon enough, you’ll have to use software to file your accounts anyway, so embrace the digital world now.

Vestd is fully synced to Companies House, making manual filing and paperwork a thing of the past and reducing the risk of human error.

Why digital filing is the way forward

1. More cost-effective

With the new £34 fee for online filings, costs can quickly add up, especially if you need to make multiple filings throughout the year. If you’re a Vestd customer, filings are covered in your subscription fee.

2. Multiple filings covered

Need to file more than one confirmation statement within a year? No problem. Vestd allows multiple CS01 filings without charging extra. This helps our customers stay compliant without incurring additional costs.

3. Timely reminders

We send timely reminders - both through the app and email - of upcoming deadlines and due dates to help customers avoid late fees and penalties. Kiss deadline anxiety goodbye!

In other news

Confirmation statements aren’t the only rising cost. The fee to register a company online at Companies House has jumped from £12 to £50. But if you incorporate your UK limited company on Vestd, that’s covered too. 

Take a load off

Admin, it’s tedious and time-consuming, but somebody’s got to do it! Our suite of CoSec tools can ease the burden. File confirmation statements, update director details, PSCs, shareholder registers and more in one place.

If you haven’t joined Vestd yet, our Essentials Plan is a good place to start. Or you can try it for free (seriously).