Companies House fees set to rise from 01 May 2024

On 19 February 2024, Companies House announced that from 01 May 2024 their fees are set to increase, in line with their annual review and to ensure that fees are aligned with the costs of the services being provided.  This will be the first increase in Companies House fees since 2016 and the increase in fees are largely being implemented to bolster funding in respect of the significant changes expected under the Economic Crime and Corporate Transparency Act 2023 (ECCTA).

Companies House announced in a recent blog that they have already spent 24,000 hours training 730 individuals to ensure that they have the capability to utilise the new powers under ECCTA.

Some of the most significant fee increases relate to the incorporation and registration of companies, the fee for digitally incorporating a company will increase from £10 to £50 and from £30 to £78 for a same day incorporation.

Moreover, there will be a significant uplift on the fee for confirmation statements, rising from £13 to £34 if filed online and from £40 to £62 if filed by paper.

We are likely to see many more changes implemented by Companies House in the coming weeks, months and years as the provisions of the ECCTA start to take effect and our specialist corporate team are happy to answer any questions that you have in respect of the increase of fees or proposed changes to Companies House under the ECCTA. If you would like to speak to a member of the corporate team, please contact us on 0161 832 3434.