Searches of our director appointment database account for 47% of all public searches of the database, but only 53% of companies let us know within the legal timescale when their officer details have changed.
Filing your documentation late can affect your credit standing, as credit reference agencies use this as one of the indicators to your company’s reliability. If your bottom line is being affected, it really makes sense to keep your documentation up to date.
It pays you to make sure that you let Companies House know when your company officers change, as soon as possible. Part of the reason that the UK registry is held in such high regard - making the UK one of the most trusted places in the world to do business - is its reliability. People simply want to know that the people they are dealing with run companies that are in good standing, and your up-to-date business administration is the key to that.
Given the technology and online filing this can be done on live systems from the boardroom if you want, almost as soon as decisions are made, so there’s every reason to take advantage of this. There’s a role for every board and company to have a positive impact on the economy by filing on time.
from Announcements on GOV.UK http://ift.tt/1dOPLdi
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