After the recent publication of the Corporate Enforcement Authority (CEA) Annual Report for 2024, there has been a lot to digest and take from it.
(For more insights, the full report is available for download from their website HERE)
Interestingly, we saw 22 individual case studies which provided us with examples of the consequences of a variety of different non compliance issues. But it also demonstrated how they can be easily resolved if handled correctly and in a timely manner.
One particularly interesting issue, and a good example of this, was Case 4 which was the failure to notify the CRO of a change in a Registered Office address
Section 50(3) of the Companies Act 2014 allows a period of just 14 days from the date of a change in a company’s registered office for the matter to be notified to the CRO. This is done so by completing the Form B2 and making the filing through the CRO’s online portal. Failure to comply is a category 4 offence.
What Happened in Case 4?
The CEA received a complaint from an individual who was unable to serve papers on a company relating to a workplace dispute due to an outdated registered office address listed on the CRO’s public register.
Although the directors attempted to update the address, their initial submission was rejected by the Companies Registration Office (CRO).
The case officer continued to engage with the directors to ensure the necessary returns were amended and eventually resubmitted in the required format. A subsequent submission was accepted by the CRO bringing the company back into compliance with the Companies Acts.
The complainant was then notified that a new registered address had been recorded with the CRO.
If the directors had failed to see this through and co-operate with the CROs submission process, they would have faced consequences such as :
- Loss of good standing
- Personal accountability for the actions of the company
- Involuntary strike-off
- Fines (up to €5,000)
How Can We Help?
CRO Filings:
At CFI, we specialise in statutory filings such as the filing of the Form B2. Better yet, we also liaise directly with the CRO when obstacles such as rejections or returned submissions arise.—just like in Case 4 outlined above.
If you need help updating your registered office or want to ensure your company remains compliant with CRO filings, get in touch with us today.
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Registered Office:
It is a statutory obligation under the Companies Act 2014 for a company to have a registered office address to receive all notices and correspondence to at all times.
At CFI, we offer a professional Registered Office service from our prestigious Ballsbridge address—ensuring your company meets this vital obligation.
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Disclaimer: This article is for general informational purposes only. All content is provided in good faith; however, we make no representation or warranty of any kind regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information. All or any information is subject to change. This post does not constitute legal, financial, or professional advice. Always seek the advice of a qualified professional or legal advisor with any questions you may have. CFI are not liable for any loss or damage arising from your use of the information contained in this Article.
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