27 September 2018: We have recently seen an increase in Companies House summoning directors to court for failing to submit confirmation statements under Part 24 of the Companies Act 2006.
Directors need to be aware of the fact that failure to deliver up accounts and confirmation statements annually is an offence and they can be summoned to attend before the magistrates courts. It is a criminal offence under the Companies Act 2006 and can be subject to a financial penalty.
To avoid being prosecuted, where directors of a company in financial difficulty are exploring recovery options and exit strategies, they need to ensure that confirmation statements are submitted on time.
Should you or one of your clients require practical and independent advice on any financial issues, please contact one of the experienced BRI management team. Initial consultations at BRI Business Recovery & Insolvency are always free, confidential and with no obligation.