Even the most organised business owners can face serious consequences if late company filings are left unresolved. One client, diligent and easy to work with, came to us after discovering a backlog of around five years of late tax returns and missed Companies House deadlines.
Situation Overview
The client had paid their previous accountant in full, expecting timely submissions. Unfortunately, the work was not completed. As a result, HMRC had imposed thousands of pounds in penalties.
The situation at Companies House was even more serious. For approximately 18 months, the company operated without a registered Person of Significant Control. Despite the client receiving and forwarding persistent correspondence from Companies House, the previous accountant failed to act.
Eventually, the matter escalated. A court date in London was set for the client, which was postponed multiple times due to the accountant’s inaction. Ultimately, the client was fined. Due to recent changes in Companies House regulations, the case also resulted in a criminal record — even though the client had acted responsibly.
Lessons from Late Company Filings
This case highlights the difference between civil fines for late filing of accounts or confirmation statements and criminal liability once the matter reaches a Magistrates Court. In this instance, the client was not at fault; the previous accountant’s negligence caused the issue.
It underscores the importance of working with a trustworthy and proactive accountant. Timely filing of company accounts and confirmation statements protects your business, avoids penalties, and prevents unnecessary stress.
💡 Tip: Small delays can have big consequences. Always act promptly when HMRC or Companies House sends correspondence.
Takeaway
Don’t let poor accounting put your company at risk. Regularly reviewing filings and working with experts in company compliance ensures peace of mind and protects your business reputation.
If you’re concerned about late filings, penalties, or company compliance, our expert team can review your accounts and ensure you stay fully compliant.
👉 Contact us today for a confidential consultation and see how JDH Accountants & Business Advisers can protect your business.