• Home
  • >
  • Blogs
  • >
  • Companies House Fee Hikes: Impact & Changes Explained

Companies House Fee Hikes: Impact & Changes Explained

Published by Rita Bista
Published Date: April 16, 2024
Categories: Companies House

The Companies House will increase the fees associated with its services from 1 May 2024. Remarkably, some of these costs have more than doubled, surpassing inflation rates significantly. The Companies House maintains its fee structure and operates on a 'cost recovery basis.’ Operating on a cost recovery basis means that the fees charged for a service aim to cover the costs incurred in providing that service without seeking to generate profit. The fee hikes are thus attributed to the heightened costs associated with processing the data they receive.

Comparison of Fees

The fees are summarised under different headings:

Company Incorporation and Registration Fees

The table below illustrates the changes in the Companies House fees effective from 1 May 2024, focusing specifically on company incorporation and registration fees. It highlights the highest increase of £368 for Administrative Restoration (Paper) and no change for the Registration of a Charge (Digital).

Transaction

Channel

New fee(From 1 May 2024)

Old fee(Till 30 Apr 2024)

Incorporation

Digital

£50

£12

Incorporation (Same day)

Software

£78

£30

Incorporation

Software

£50

£10

Confirmation statement

Digital

£34

£13

Change of name

Paper

£30

£10

Change of name (Same day)

Digital

£83

£30

Change of name

Digital

£20

£8

Registration of a charge  

Digital

£15

£15

Voluntary strike off

Digital

£33

£8

Reduction of the share capital of a company under s644 CA06 (Same day)  

Digital (Upload service)

£136

£50

Reduction of the share capital of a company under S644 CA06   

Digital (Upload service)

£33


Administrative restoration

Paper

£468

£10

UK Economic Interest Groupings and UK Societas

The table below outlines changes in the Companies House fees specifically for transactions related to the UK Economic Interest Groupings (EEIG) and UK Societas conducted through paper channels.

Transaction

Channel

New fee(From 1 May 2024)

Old fee(Till 30 Apr 2024)

Registration of an EEIG establishment  

Paper

£71

£20

Registration of change of name of a UKEIG   

Paper

£30

£10

Registration of a charge for a UKEIG   

Paper

£24

£23

Registration of public company by conversion of a UK Societas   

Paper

£71

£20

Overseas Entities

The following table presents changes in the Companies House fees, with the Application for Removal seeing the highest increase of £306 and the Annual Update Statement showing a notable increase of £114.

Transaction

Channel

New fee(From 1 May 2024)

Old fee(Till 30 Apr 2024)

Digital

£234

£100

Digital

£706

£400

Digital

£234

£120

Limited Liability Partnerships

The following table reflects significant increases, particularly for the Administrative Restoration of an LLP, while the registration of a charge by an LLP (Digital) remains unchanged.

Transaction

Channel

New fee(From 1 May 2024)

Old fee(Till 30 Apr 2024)

Registration of LLP (Same day)  

Digital

£78

£30

Registration of LLP 

Digital

£50

£10

Registration of LLP 

Paper

£71

£40

LLP confirmation statement

Paper

£62

£40

LLP confirmation statement

Digital

£34

£13

LLP change of name

Paper

£30

£10

LLP change of name (Same day)

Digital

£83

£30

LLP change of name

Digital

£20

£8

Registration of a charge by an LLP

Paper

£24

£23

Registration of a charge by an LLP

Digital 

£15

£15

LLP voluntary strike-off

Paper

£44

£10

LLP voluntary strike-off

Digital

£33

£8

Administrative restoration of an LLP

Paper

£468

£100

Application to make an address unavailable for public inspection

Paper

£30

£32

Delve into our complete guide to learn "Limited Liability Partnership (LLP) for Property DevelopmentRead Now!

Limited Partnerships

The table illustrates a notable fee increase for the Registration of a Limited Partnership when conducted through paper channels.

Transaction

Channel

New fee(From 1 May 2024)

Old fee(Till 30 Apr 2024)

Registration of a limited partnership

Paper

£71

£20

“Annual fee” for Scottish limited partnership (registration of all relevant documents delivered during a relevant period payable on the registration of a confirmation statement) 

Paper

£62

£17

“Annual fee” for Scottish limited partnership

Digital (Upload service)

£62


Overseas Companies

The table below reveals a significant increase of £51 for the registration of a UK establishment of an overseas company via paper.

Transaction

Channel

New fee(From 1 May 2024)

Old fee(Till 30 Apr 2024)

Registration of a UK establishment of an overseas company

Paper

£71

£20

Change of corporate name or alternative name of an overseas company

Paper

£30

£10

Registration of annual accounts 

Paper

£62


Registration of annual accounts 

Digital

£34


Scottish Qualifying Partnerships

The table below highlights a substantial increase in the Registration of a Limited Partnership conducted via paper.

Transaction

Channel

New fee(From 1 May 2024)

Old fee(Till 30 Apr 2024)

Registration of Scottish Qualifying Partnership 

Paper

£71

£20

“Annual fee” (registration of all relevant documents delivered during a relevant period payable on the registration of a confirmation statement) 

Paper

£62

£17

“Annual fee”

Digital (Upload service)

£62


Potential Impact on Businesses

Higher fees for services like incorporation and filing confirmation statements will now make it more expensive for companies to operate. This could be tough for small businesses and start-ups with tight budgets. The higher fees may act as barriers to entry for small businesses, which could harm economic growth and limit consumer choice.

Conclusion

The upcoming changes in the Companies House fees, taking effect from 1 May 2024, will have big effects on businesses. The higher fees, shown in the detailed comparison, reflect a changing business environment. The Companies House says these changes are needed to cover their costs, but these hikes are likely to put pressure on smaller businesses.

Simplify your Companies House works with us.

Contact us today for efficient and hassle-free assistance.

Rita Bista
Our Complete Guides
Related Posts

Trust UK Property Accountants to Optimise Returns and Minimise Hassles!

Reach Out to Us Today and Let's Shape
Your Success Together!

Success message!
Warning message!
Error message!