Companies House announced earlier this week that their fees would be increasing from 1 May 2024. Making clear that their fees are set on a cost recovery basis and do not provide a profit, the increase is essentially to allow them to recover the costs of their new powers which have been, and are being, introduced by the Economic Crime and Corporate Transparency Act 2023 and to bring their fees “in line with the costs of providing [their] service”.

The announcement should not come as too much of a surprise as the potential fee increase was first mentioned last year. Although the change has been criticised by some as being too much of a hike in terms of percentage increase from current rates, Companies House has stated that even following “the increase, [their] fees will remain some of the lowest in the world”.

A list of the new fees is available here.