What exactly is a Confirmation Statement, and why is it necessary to file one? A Confirmation Statement was previously known as the Annual Return. It is required for LLPs to file a Confirmation Statement once a year. It is the job of the company's director to accurately fill out and submit the necessary data to the Companies House. The Companies House is UK’s registrar of companies. The statement must include up-to-date and accurate information for the stakeholders, directors, and shareholders. The Statement Confirmation will consist of a checklist to be filled out. The main goal of this is to provide transparency of who your company's shareholders are, the secretaries, and any other relevant information consisting of anti-money laundering. The checklist will include the following:
- The company name
- The company number
- The correct date of return
- The registered office address
- The alternative inspection location if you use one
- The share capital (companies limited by shares only)
- The officers (directors and company secretary)
- The members (shareholders, guarantors, or LLP members)
- The persons with significant control (PSCs)
Confirmation Statements are not only due once a year, but more specifically they are due within 28 days of the anniversary of when a company was created. They can also be submitted within 28 days of the previous years’ Confirmation Statement filing. The filing of a Confirmation Statement is not only a good idea for a company, but it is also legally required. If a company fails to file within the timeframe allowed, then that company may risk prosecution, removal of the company’s director, and/or the company would be taken off the register’s list.
Due to the fact that the process of filing a Confirmation Statement is necessary and required by law, it is important to make sure that a company not only complete the form and submit it in a timely manner, but also that the information is factual and up to date. A company could complete the filing on their own, however the majority of companies opt to use a Confirmation Statement Filing Service that is provided in the UK. Going through a filing service not only is a time saving benefit to a company, but also ensures that it is completed correctly with all the requirements that are needed for the Companies House. There are numerous avenues available to help with the filing process, let’s take a look at a few.
One of the best filing service providers that you could use would be Icon Offices. They specialize in UK office rental and business support solutions. Icon Offices offer many services like company formation (LTD), company name change, corporate tax filings, and company closure and/or dissolution, just to name a few. They also happen to specialize in filing Confirmation Statements. Not only does Icon Offices file quickly and accurately, but they also offer services for a lower price than that of other agencies or accounting firms. The rate of filing with Icon Offices is just £25.00, and that also happens to include the Companies House filing fee. It is one of the lowest rates out there. Icon Offices work to complete a Confirmation Statement within 3 business days of receiving an order. No waiting for long periods of time while your filing is completed.
Another huge benefit is that they offer 24/7 on call answering services, through live chat on their easy to use website, or through WhatsApp. Icon Offices was started and incorporated in 2016. There are currently three employees at their Romford location which creates a very personal and hands on approach. They also have amazing reviews on googles, 4.3 out of 5 stars and counting. Trustpilot rates them at an incredible 4.5 out of 5 stars. Out of 125 reviews on Trustpilot, 88% are rated as ‘excellent’ and ‘great.’ In fact, according to Glassdoor, out of over 3,000 reviews, 73% of people would recommend to a friend, while 89% approve of their CEO, Steve Cutler.
Another Confirmation Statement filing service provider, based in the UK, is Mint Formations. Mint Formations is an accountancy and business consultancy provider. They are also one of the many companies that are authorized by Companies House itself. Mint Formations have over 100 years of experience. They also have experience in many business fields from start-ups to e-commerce businesses. Their customer call center, while isn’t readily available 24-7 like Icon Offices, it is available monday-friday from 9am to 7pm. Trustpilot has them reviewed at 3.8 out of 5 stars. Out of those reviews, 56% were labeled as ‘excellent,’ while 44% was listed as ‘bad’, with nothing in between. Google reviews them at 4.2 out of 5 stars. While Glassdoor has an overall rating of 3.2 out of 5 stars.
1st formations is another option you could chose for filing your annual Confirmation Statement. Similar to Icon Offices, they do happen to offer 24-7 call center availability. Also similarly, they vow to have your filing completed with 3 business days of your order submission. However, they also offer an increased fee of £44.99 to fast track the completion within 1 business day. Standard fee is £34.99 which includes the Companies House filing fee. Trustpilot has a rating of an impressive 4.9 out of 5 stars, with 90% considered ‘excellent.’ They also have a 5 star google rating, with nearly 2,000 reviews. And on Glassdoor, they have a 98% rating of recommendations to a friend, as well as a 100% approval rating of their CEO, Graeme Donnelly.
Your Company Formations
Another option for filing is a company called Your Company Formations. Their hours for contact are monday-friday from 9am to 5pm. Similar to Mint Formations, they also claim to have over 100 years experience in the industry. They also have an impressive google rating of 4.9 out of 5 stars, with just under 800 reviews. They also have a 4.9 out of 5 star rating on Trustpilot, with just under 4,000 reviews. However, there is yet to be a review to check out on Glassdoor. A downside is they are on the pricier side, costing £55.00.
BBCIncorp Limited is yet another option that you have to choose from when looking for help filing your Confirmation Statement. This company, while the others listed in this article are based in the UK, is based in Hong Kong. However, they work with companies all over the world, online. Just some of the regions that they have vast experience working with are Bahamas, The Cayman Islands, as well as Vietnam, Singapore, and the United States. Because they work primarily worldwide, they offer a 100% online processing option. Out of just under 400 reviews, Trustpilot has them reviewed at 4.9 out of 5 stars. Google ratings have them listed at just 3.4 out of 5 stars, with only 5 reviews to speak of. BBCIncorp Limited is a good option if a company is looking for an offshore registration, as they are highly equipped to work from anywhere in the world. However, some reviews state that because of this, customer service may not be the best, or the fastest. White they aim to have a filing submitted with 3 business days of ordering, in some cases it may, and have, taken a little longer.
While these are just a few of the many Confirmation Statement filing service providers available in the UK, there are many options out there. It is very important to not only file within the designated timeline (once a year and within 28 days of a company’s anniversary), but also to file factually and properly. Because of this, you want to make sure to choose the best company that suits your needs. Take into consideration filing fees, customer service, other company reviews, as well as speed. Happy hunting, and good luck on your new venture, or maintaining your already thriving company.