The number of UK companies filing their accounts more than six months late in consecutive years rose last year, pushing fines to record levels as companies struggled to put the pandemic behind them and convince auditors of their financial health.
Figures produced by Companies House show that a record £34.4mn of fines were issued in 2023/24 to private companies filing seriously late two years in a row, up from £10.2mn in 2019-20.
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