The law aims to streamline and consolidate British companies the right to ensure that the UK continues to offer a competitive environment where businesses can operate, invest and compete in the future.

While this is good news for the British economy, there are some fundamental changes in how companies are registering their complaints at Companies House.

The new law includes a change in how to register companies with the Authority.

For example, changes in registration will include annual accounts, directors' duties and details of company secretaries, etc.

Here are the key points:

Changes in registration requirements for annual accounts
Limited liability companies are required to file their annual report within 9 months (instead of 10), while the PLCs will be required to submit within 6 months (instead of 7).

Changes in requirements for registration of company secretaries
There is no longer any obligation to register the company´s secretary according to the new law. It is now possible to omit this information when registering.

Changes regarding the current directors' information
From October 1st, executives have the opportunity to protect their home address. Companies House interpretation is that all the board members´ “usual residential addresses”(URAs) will be protected. So even if a director chooses to only enter his or her home address, Companies House will provide this as a business address.

From 1 October, all address information sent to Companies House will count as business addresses. If the Board wants to change or delete this information, they will need to contact Companies House immediately and complete the application for modification of data.

You will be able to find more about the Companies Act here:
www.companieshouse.gov.uk


                                                                                    Cecilia Helland