Business Doctor: What exactly is a confirmation statement?

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KD writes: Companies House has asked me to complete a confirmation statement for my company. Is this legitimate? I have always completed an annual return.

Annual returns were replaced by an annual confirmation statement from June 30, 2016, writes Jon Dawson, partner at Kingston Smith LLP.

There are key differences. If all the statutory information held by Companies House is correct, the statement can be a very short standard declaration. Previously, the statutory information had to be reiterated in the annual return, including directors, registered office, shares in issue and all shareholders. If you need to update Companies House’s records, do so before filing the statement.

All businesses must now keep a register and disclose any people with significant control (PSC). This will include anyone who has in excess of 25% of ownership or voting rights, or has the power to change the board. In future, you will need to disclose changes in PSC only when you file your confirmation statement.

Confirmation statements can be filed electronically with Companies House or via a paper form.