Companies House fees will be increasing from 1 May 2024. The agency stated that they are making the changes to align them with the expenses incurred in delivering their service. In the past, the cost of incorporation and filing documents has been very low. However, as a Trading Fund, the registrar sets its fees on a cost recovery basis and does not make a profit. It has a statutory duty to break even over time.

Due to the Economic Crime and Corporate Transparency (ECCT) Bill, Companies House will have an increased role in tackling economic crime. This will result in increased operational requirements, and the registrar will need to recoup its increased manpower and technology costs via a hike in its filing fees. The cost of forming a new company digitally will rise from £12 to £50, while the confirmation statement filing fee will increase to £34 from the current £13.

New Companies House fees from May 2024:

TypeOld FeeNew Fee
Incorporation (Digital) £12£50
Incorporation (Software) £12£50
Incorporation (Same Day) £30£78
Incorporation (Paper)   £40£71
Confirmation Statement (Digital)£13£36
Confirmation Statement (Software)£13£36
Confirmation Statement (Paper)£40£62
Change of Company Name (Digital) £8£20
Voluntary Strike Off (Digital)    £8£33

You can view the full list of changes here.

Additional Companies House changes

Companies House has also announced several significant changes alongside the fee adjustments, including:

  • Email Requirement: From March 24 onwards, all companies will be required to provide email addresses, although they will not be publicly available.
  • Registered Office Addresses: PO Box addresses will no longer be accepted as registered offices.
  • Lawful Activities Confirmation: Companies will be required to include a statement confirming that they will only undertake lawful activities on their annual confirmation statement.
  • Identity Verification: All officials related to a company will need to prove their identity.
  • Profit and Loss Statement: All companies will be required to file a profit and loss statement, which will become accessible to competitors, staff, and customers.

You can read more on these changes here.

Get in touch

If you’re unsure about how the changes to Companies House will affect your business, or if you require assistance with incorporating a new company or filing documents, it may be helpful to consult an accountant. Don’t hesitate to reach out to our team for assistance with these matters. They can provide expert advice and guidance to ensure that your business complies with all relevant regulations and requirements.