Not filing your confirmation statements, annual returns or accounts is a criminal offence – and directors could be personally fined in the criminal courts.
Failing to pay your late filing penalty can result in enforcement proceedings. Any criminal proceedings for not filing confirmation statements, annual returns or accounts is separate from (and in addition to) any late filing penalties issued by Companies House against the company.
There’s no penalty for filing your confirmation statements or annual returns late – but the registrar could take steps to strike off your company. If your company is struck off as a result of non-compliance then any assets are passed to the Crown and are legally known as “bona vacantia” (ownerless property).