The UK’s Companies House said that its range of digital tools, which are claimed to be quick, simple and secure, is helping businesses file their accounts online and on time.
Currently, eight out of 10 companies are now filing online, said the UK’s Registrar of Companies.
According to official figures, around 50,000 company accounts were filed late during the most recent peak filing periods, between September and December 2018.
Companies House is urging companies to “file online, file on time” and to support the cause, it is initiating a campaign whose mascot will be a character called ‘Thumbs-up Dave’.
Right through the campaign period, Dave will be giving the thumbs-up or the thumbs-down to businesses based on their filing of accounts online and on time.
Dave will also be promoting a variety of digital tools that will assist businesses in filing their accounts online.
To help businesses stay on top of their filing, Companies House has enabled online walkthroughs that assist in guiding company directors through the process of filing their accounts online.
An email reminder service is also available which prompts company directors when their accounts are due, in order to avoid late filing penalties.
Companies House said that there is a lot more offered by its digital toolkit to businesses in addition to helping their directors avoid late filing penalties.
The agency is asking company directors, who wish to get the ‘thumbs-up from Dave’, to check its online filing guidance and know more about how Dave’s toolkit can help their company.
Companies House and The Registrar of Companies for England and Wales chief executive Louise Smyth said: “It has never been easier for company directors to file online and stay on top of their filing. Despite this, many businesses are still choosing to file their accounts on paper, increasing the risk of incurring a late filing penalty.
“Our aim is to drive confidence in the UK economy, and help create and support an economy that boosts productivity and earning power throughout the UK. One of the ways we’re achieving this is by delivering brilliant services, making our register the most innovative, open and trusted in the world.”