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Why do companies file dormant accounts in the UK?
accbyte: Businesses also prepare filed dormant accounts to be registered with Companies House and at the same time declare that they are not carrying on any trade. This is particularly helpful for those companies in crises, or those that are dormant, have stocks, or are created for future purposes. Filing helps eliminate dangers of fines for failure to meet legal requirements and helps the company maintain a good standing. Full accounts are not prepared, since dormant companies only need to file a simple form acknowledging their status, and the procedure is less expensive than the latter Visit us: https://accbyte.co.uk/dormant-accounts-filing-service/
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