UPDATE - Delays on company formations

19 March 2024

The first measures under the Economic Crime and Corporate Transparency Act 2023 came into force on Monday 4 March 2024.

The measures give Companies House greater powers to tackle and remove factually inaccurate information.

Companies House has seen a significant increase in submissions since then and as a consequence of changes to their current examination policies and adapting to a new way of working, this is having an impact on time taken to examine applications.

Standard applications for new companies are currently taking approx. 2-3 working days to be processed, but Companies House have assured us that they are working to reestablish their ‘normal’ timescales as soon as they can.

““We are a long established firm of chartered accountants and we have always used Bourse for our outsourced company formations and related matters. We find both their staff and services to be friendly, timely and professional, and they are always happy to spare time to provide no-nonsense advice. We would heartily recommend them.””

Chartered Accountants - Nottingham