2 min read
Why overdue accounts hurt
Filing accounts on time is a basic sign of a well-run company. Overdue accounts both worry a lender about control and remove the very numbers it uses to assess you. Companies House also applies escalating penalties.
The quick fix
Get your accountant to prepare and file the outstanding accounts and any overdue confirmation statement. Once the record is current, the application becomes straightforward. If you need funds urgently, recent bank statements can carry some of the assessment in the meantime.
Applying cleanly
File, then apply online. Credicorp lends on the company with no personal guarantee.
Frequently asked questions
Will a lender reject me for one late filing?
Not automatically, but it prompts questions. Clearing it before you apply removes the doubt and speeds the decision.
Can I borrow while accounts are overdue?
It is much harder. Most lenders want current filings first. Bringing them up to date is usually quicker than trying to borrow around the gap.
Related reading
Can I get a business loan without filed accounts?
Often, yes. For short-term finance, recent business bank statements can stand in for filed annual accounts. A…
Read →
Why does my bookkeeping matter for borrowing?
Lenders decide on what they can see, so clean, current bookkeeping directly improves your chances and your…
Read →
How do I improve my business credit score?
Pay on time, file accounts early, correct any errors on your credit file, and keep credit utilisation…
Read →
Can I still qualify if my last accounts look weak?
Often yes — if trading has clearly improved since, lenders weigh recent performance over stale accounts…
Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.