New measures are being introduced that are aimed at simplifying company filing requirements with Companies House. The new provisions will be coming into effect in stages. The dates shown below are the current estimated implementation dates which may be subject to change.
From April 2016, companies are required to keep a register of people with “significant control” over a company. Then from 30 June 2016, companies will be required to make that register publicly available at Companies House.
A person with “significant control” will be defined as:
Guidance (which is still to be published) on the meaning of “significant influence or control” will be provided by the Government.
From June 2016, companies will no longer be required to file an annual return. Instead, all companies will deliver to Companies House a ‘Confirmation Statement’ stating that the company has delivered all the information it was required to provide.
The confirmation statement will confirm that the company has updated Companies House with the following details in the 12 month period to which the confirmation statement relates:
From June 2016, companies will have the option of keeping information that currently must be recorded in certain statutory registers, on the public register maintained by Companies House. This will remove the requirement to keep and maintain separate physical registers. The relevant registers include:
The approval of all members will need to be given, prior to the election, to maintain the register of members at Companies House. The company must deliver information to Companies House that would otherwise be put onto the register of members. A person will become a member of the company when their name is entered on the public register at Companies House.
For further advice on the Small Business, Enterprise and Employment Act 2015 and how it could affect your company please contact a member of our commercial team, at our Dorchester office on 01305 251007 or our Poole office 01202 725400.