Dormant Company Accounts. We help you file dormant company accounts online.

A dormant company, also known as a dormant corporation or inactive company, refers to a registered legal entity, such as a corporation or limited company, that is not currently carrying out any significant business activities. Although the company exists as a legal entity, it has become inactive and does not generate any substantial revenue or undertake any trade operations.

There are various reasons why a company may become dormant. Some common scenarios include:

1. Startup companies: Newly formed companies that have not yet commenced their business operations may be considered dormant until they start conducting business.
2. Temporary suspension of business: A previously active company may choose to temporarily halt its operations due to various reasons, such as restructuring, financial difficulties, or market conditions. During this period, the company is considered dormant.
3. Holding companies: In certain cases, a company may be established as a holding company with the primary purpose of owning and managing other subsidiary companies. If the holding company does not engage in any active business operations and only exists to hold assets or investments, it may be classified as dormant.
4. Inactive subsidiaries: If a subsidiary company within a larger corporate group ceases its activities but continues to exist as a separate legal entity, it may be considered dormant.

It's important to note that even though a company is dormant, it still retains its legal obligations, such as submitting annual financial statements and tax returns to the relevant authorities. The specific requirements for maintaining dormant status may vary depending on the jurisdiction where the company is registered. It is advisable to consult with legal and accounting professionals to ensure compliance with the applicable regulations.

Regenerate response

Yes. In the United Kingdom, for example, all companies, including dormant companies, are generally required to submit annual financial statements to Companies House. Even if your company has not traded or conducted any transactions during the financial year, you still need to file dormant accounts.

Dormant accounts for a company must be submitted to Companies House within the specified deadline, which is generally nine months after the company's financial year-end.

The financial year-end is the date on which the company's financial accounting period ends. For example, if your company's financial year-end is December 31st, you would typically have until the following September 30th to submit the dormant accounts.

• Does not have a business bank account.
• Does have a business bank account but no bank charges have been paid during the year.
• No expenses paid for the company other than Companies House fees.
• Accountancy fees paid by the director personally and will not be recorded as the company's accounting transaction.

1. Sign up as our client and supply all the necessary information and documents.

2. Approve and sign dormant company's accounts through our portal.

3. Our qualified accountants will submit the dormant company's confirmation statement online on your behalf, and a confirmation email will be sent to you.

4. We will keep an eye on the deadline for you and contact you again next year.

The penalty only applies to accounts. The level of the penalty depends on how late the accounts reach Companies House.

Length of period (measured from the date the accounts are due)

Not more than 1 month: £150

More than 1 month but not more than 3 months: £375

More than 3 months but not more than 6 months: £750

More than 6 months: £1,500

For more information, please visit https://www.gov.uk/government/publications/late-filing-penalties/late-filing-penalties