Companies House Fee Increase for Company Registration

In line with the rising cost of everything, Companies House has dramatically increased the fees for incorporating a new company. Effective from 1 May 2024, the fee for online incorporation has risen from £12 to £50, with traditional paper applications now costing up to £78.

Key Points:

• Previous Fees: Until 1 May 2024, incorporating a company online was just £12, one of the lowest fees globally since being set in 2016.
• New Fees: The incorporation fees have now increased to £50 for online applications and up to £78 for paper and software applications.
• Global Context: Despite this significant increase, the UK’s incorporation fees remain some of the lowest in the world.
• Potential Future Increases: The new fees are lower than the initially proposed range of £65 to £85, suggesting that further increases could be on the horizon as Companies House aims to meet its targets announced in February 2024.

Impact on Businesses

Business running costs are rising across the board, not just with incorporation fees. Charges for confirmation statements, winding-up fees, and strike-off applications have also increased, reflecting higher costs in all categories of government charges.

Current Waiting Times

The wait times for new company applications remain lengthy. With the impending new ECCT law and regulations expected to impact newly established and future companies, early incorporation might be advantageous.

Stay informed and plan accordingly to navigate these changes effectively. 

Professional Help for Corporate Matters

With Companies House increasing incorporation and registration fees, and further regulatory changes on the horizon, setting up a company is no longer as simple or inexpensive as it once was. Timing, structure, and compliance now matter more than ever.

At Elaga Accountancy, we help business owners navigate company incorporation smoothly and cost-effectively. From choosing the right structure to handling registrations, filings, and ongoing compliance, we make sure everything is done correctly from day one — saving you time, stress, and unnecessary costs.

If you’re planning to start a company or unsure how these fee increases affect you, a quick conversation can help you plan ahead with confidence. Talk to us now, and let us guide you through the process the smart way.

***Contact us to learn more.

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