Want to avoid the burden of filing company accounts and confirmation statements for a business that isn’t actively trading?
Let Mint Formations handle it for you and file your accounts on time, helping you to avoid unwanted stress and wasting valuable time.
Just a quick note to anyone looking at Mint Formations - I've been using them for several years and have found them to be quick at responding and efficient in their organisation. Brandon Skyes has been very helpful, but really everyone there has been quick to respond.
ik Bishop
Mint is a highly esteemed company, renowned for its team of proficient staff members who demonstrate exceptional professionalism, particularly in their adept handling of client inquiries. I am eagerly anticipating the imminent opening of my shop for business operations.
Kay Kupa
Great service, trusted company, I opened second company with them in last 3 years. Great communication, fast services provided. recommends.
PRO FOOTBALL AGENCY LTD
A company becomes dormant when it has minimal accounting transactions since incorporation or its last filing. Simply put, dormant companies aren't actively trading.
Despite this inactive status, you must still file company accounts within nine months of your accounting reference date and submit an annual confirmation statement. Failure to meet these obligations can result in significant penalties.
We collect your business and account information
We notify HMRC and file all required documents
Your company remains officially active for future trading
While often confused with company accounts, a confirmation statement is a distinct document. Company accounts detail your financial numbers, showing income and expenditure. In contrast, a confirmation statement records your business structure - including directors, shareholders, company secretary, and persons of significant control (PSC).
Our dormant company accounting service handles both requirements, eliminating your worry about these legal and financial obligations.
All the services you need, in one place – no hassle!
Competitive pricing for businesses of all sizes.
Our team ensures accurate, timely submissions.
We handle all paperwork so you don't have to.
Online platform accessible anytime, anywhere.
If you formed your company through Mint Formations, we already have your details except your bank statement. We'll also need confirmation whether shares are paid or unpaid. We default to entering all shares as paid unless you advise us otherwise.
Despite this inactive status, you must still file company accounts within nine months of your accounting reference date and submit an annual confirmation statement. Failure to meet these obligations can result in significant penalties.
Companies House and HMRC enforce strict filing deadlines for accounts and confirmation statements. Missing these deadlines results in escalating penalties:
If you have no intention of resuming trading, it will likely be a better option to dissolve your company. This will relieve you of your obligation to file annual accounts and confirmation statements.
We can help you with the limited company dissolution process by taking care of all the paperwork and filing it on your behalf for a completely hands-off approach.
Yes, we can file your dormant company accounts on your behalf, even if you didn’t originally register your company with us. However, we will need all of the information outlined above, such as your WebFiling authentication code, company name and share capital information.
Any company must file accounts every financial year. For a new company, these must be filed within 21 months of the incorporation date or within nine months of the accounting reference date (ARD). For example, a company registered on 13 January 2022 will have an accounting reference date of 31 January 2023. The deadline for filing the accounts for this company would be 31 October 2022.
Yes, a company can be dormant from the time it is incorporated. This may be the case if the company is being set up for a specific purpose in the future, such as to hold a particular asset or to be used as a vehicle for a potential merger or acquisition.
Yes, it is possible to reactivate a dormant company by starting to carry out business activities again. This may involve completing transactions with customers and suppliers, generating income, and incurring expenses. In order to reactivate the company, it may be necessary to appoint new directors or update the company's details with Companies House.
A WebFiling authentication code is a six-digit alphanumeric code issued by Companies House during the registration process. If you have registered your company through Mint Formations, you can access it by logging in to your online company portal. If you formed your company another way and do not know your authentication code, we can request it from Companies House, which will send it to your registered office.
Regardless of whether your company is dormant (not trading) or actively trading, you still need to file annual accounts and confirmation statements. We can take care of the confirmation statement for your limited company.
A dormant company is a company that has not carried out any business activities or transactions during a financial year. This means that the company has not generated any income or incurred any expenses, and it has not traded with any customers or suppliers. Dormant companies may still have assets, such as cash in bank accounts, but these are not being used for the purpose of carrying on a business.
There are several reasons why a company might become dormant. For example, the company may have completed its business activities and is no longer trading, or it may be in the process of being wound up or dissolved. As mentioned, a company may become dormant temporarily while it is waiting for a particular event to take place, such as the completion of a merger or acquisition.
Yes, a dormant company can still have directors. However, the directors of a dormant company are not required to carry out any specific duties or responsibilities, as the company is not actively carrying on any business activity.