Companies to receive a three month extension period to file accounts

Companies House have announced (25 March 2020) that companies will be able to apply for a three month extension to file their accounts. The statement issued by Companies House said that whilst “companies will still have to apply for the three month extension to be granted, those citing issues around COVID-19 will automatically and immediately be granted an extension.”

Unlike the normal process which has a review when an application is made and can take a few days there will be an online system, which will apparently take around 15 minutes to complete. The online system seems to be accessible already from the Companies House website and it looks like you will be asked for:

  1. The company number,
  2. An email address,
  3. Information about your extension reasons.

You can provide documents to support however this is optional.

It’s important to remember that the application must be made before the filing deadline. If successful you will not receive a late filing penalty.

This is an important announcement, as whilst it doesn’t help financially, it allows Directors time to focus on their business and deal with their response to the current crisis.