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The direct consequences
Companies House levies an automatic late-filing penalty that increases the longer accounts are overdue, and doubles for a second consecutive year late. Persistent failure can lead to the company being struck off and can contribute to director disqualification.
Why it hurts borrowing
Overdue accounts are a visible red flag; a lender reading Companies House sees possible disorganisation or distress. Filing on time keeps your record clean and your application smooth.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
How much is the late accounts penalty?
It rises with the length of the delay and doubles if you file late two years running. Beyond penalties, persistent lateness risks strike-off.
Do late accounts affect my loan?
Yes. Overdue filings are a red flag suggesting disorganisation or distress, and can stall or weaken an application.
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