What is Companies House UK?
Companies House – Functions and Operations for Companies in the UK
Companies House is the first thing you read and come across when you search about the process of Company Formation in the UK. For those who want to know about the working, Registration Operations, role, and jurisdiction of Companies House, here is a complete guide.
Companies House’s role:
Companies House is the official registrar for Company incorporation in the United Kingdom that legally recognizes the establishment of any new Company in the United Kingdom. Generally, itmeans that only businesses and companies registered with the Companies House can operate in the UK. Without official registration with Companies House, no company or business can claim itself to be legal in the United Kingdom.
The main functions performed by Companies House include the following:
- Incorporating as well as Dissolving Companies
- Examining the Data submitted by the Companies for Registration and maintaining its database
- Receiving and Authenticating the Annual Statements of the Companies
- Making the data about all the Registered Companies available to Public
How does Companies House Work?
Companies House requires you to submit all your documents and credentials about the company. Following that, Companies House adds these details to its database and registers your company upon confirmation of details. This can take between 24 hours to a few days depending upon your company type, documents, and requirements.
In short, Companies House goes through all the reported information by the companies for incorporation and maintains a database of all the operating companies in the United Kingdom.
Companies from which areas come under the jurisdiction of Companies House?
Its Jurisdictions include Company Incorporations in England, Scotland, Wales, and Northern Ireland. If anyone wants to set up a new company in any of these parts of the UK, they need to contact this single governing body, Companies House, that looks after the operations and Formations of Companies in the United Kingdom.
Companies House has certain responsibilities and jurisdictions over limited Companies. These companies include Private Limited Companies (Ltd), Public Limited Companies (PLC), and Limited Liability Partnerships (LLP). Importantly, all these companies must submit their annual accounts reports to Companies House for verification and complete an annual Confirmation Statement. Similarly, Companies House also maintains the structure, rules, regulations, and operations of a company in its record.
Similarly, Filing and maintaining your annual accounts with Companies House is very important. Generally, this maintains your credibility and keeps your operations smooth and hustle-free. Various Companies Formation Experts like Liscard Business Services can assist you in this regard and make it far too easy for you.