Overseas Entity Update Statement – Filed for You by a UK-Regulated Agent
Keep your Overseas Entity ID valid, stay off the enforcement radar, and avoid deal-killing delays on UK property – with a fully managed annual update statement service.
- We verify beneficial owners, managing officers and trusts as your UK-regulated agent
- Fully compliant with the Economic Crime & Corporate Transparency regime
- Fixed fees from £300 + VAT, clear timeline, no jargon
What does the update statement cost?
Transparent, fixed fees agreed before we begin. The price depends only on whether your ownership details have changed since your last filing.
No-Change Update
Where nothing has changed since your last filing. We re-verify the existing information and file your confirmation.
Update With Changes
Where beneficial ownership, managing officers or trust details have changed and need fresh verification before filing.
Plus the £134 Companies House digital filing fee, paid directly to Companies House. Entities owning multiple properties or holding complex trust structures: ask for a tailored quote.
Start your update statement
Send us your last Companies House filing, Land Registry details and ownership structure. We’ll confirm your statement date, the exact steps and your fixed fee before you instruct us – usually the same working day.
How does our 3-step filing process work?
We take ownership of the whole process. Once we have your information and verification is complete, your update statement is filed within 24-48 hours.
1. ROE & Land Registry review
We gather your Overseas Entity ID, authentication code, last filing and any changes, then confirm your statement date and the 12-month period your update must cover.
2. Verification as your agent
As your UK-regulated agent we complete the due diligence on registrable beneficial owners, managing officers and any trusts, then issue the agent assurance code.
3. Filing & confirmation
We file online with Companies House using your authentication code and our agent assurance code. You receive the filing receipt and a reminder of your next statement date.
Why instruct Edward Young Notaries & Lawyers?
All beneficial ownership information must be verified by a UK-regulated agent supervised under the Money Laundering Regulations 2017. You cannot self-certify – and not every filing service can act as your agent. We can.
When is your update statement due?
Your update period runs from the date of registration, or the date of your last update statement, and expires 12 months later. You then have a further 14 days to file – roughly 12 months and 14 days from your last filing. Companies House issues a reminder, but the legal duty rests with the entity, not the reminder.
Begin the process
Gather updated beneficial ownership information and instruct your UK-regulated agent.
Complete verification
We verify all registrable beneficial owners and managing officers; the agent assurance code is issued.
File the statement
We submit to Companies House using your authentication code and Overseas Entity ID.
Statutory deadline
Miss it and a restriction is entered against your title at HM Land Registry.
What happens if you miss the deadline?
The risk is invisible until a transaction fails. Failure to file the annual update statement is a criminal offence under the Economic Crime (Transparency and Enforcement) Act 2022 – the entity and every officer in default may be prosecuted, and Companies House is increasing its use of enforcement powers.
Most damaging in practice is the automatic restriction entered on your title at HM Land Registry. While it stands, the entity cannot sell, transfer, lease for more than seven years, or charge its UK property – derailing sales, refinancing and completions.
Non-compliance exposes you to:
- An unlimited fine on summary conviction; up to two years’ imprisonment on indictment.
- Civil financial penalties and daily default fines for continuing breaches.
- An invalid Overseas Entity ID – your UK property is frozen for dealings.
- A public note on your Companies House record flagging the failure to update.
Thinking of selling the property? Apply for removal
Is your entity thinking of selling its UK property? Don’t forget you must apply for removal from the Register of Overseas Entities. Otherwise, Companies House annual updates simply keep accruing – and you could become liable for fines and penalties on a property you no longer own. We handle the removal application for you.
What information do we need from you?
We send a clear checklist when you instruct us. To get started, have the following ready:
Supporting your ROE compliance
Initial registration
Not yet registered? We handle the full Companies House registration and obtain your Overseas Entity ID. See our registration of overseas entities service.
Removal application
Sold the property? You must still remove the entity from the register to end your annual filing duties and avoid further penalties.
Conveyancer compliance
Acting on a transaction? See how ROE and Land Registry restrictions can block completion, and how we clear them quickly.
New to the regime? Read the full Register of Overseas Entities guide, or our explainer on why Companies House verification fails and how to fix it as an Authorised Corporate Service Provider.
Overseas entity update statement FAQs
What is an overseas entity update statement?
It is an annual filing every overseas entity on the UK Register of Overseas Entities must make to Companies House. It confirms that the information held about the entity, its registrable beneficial owners and managing officers is accurate, or updates it where there have been changes. It must be filed at least once every 12 months.
When is our update statement due?
Your statement date falls 12 months from the date your entity was first registered, or 12 months from your last update statement. You then have 14 days after the statement date to file – a window of roughly 12 months and 14 days from your last filing.
Do I need to file if nothing has changed?
Yes. An update statement is required every year even where nothing has changed. A “no change” confirmation must still be filed, and the information must still be re-verified by a UK-regulated agent before submission.
What happens if we miss the deadline?
Failure to file on time is a criminal offence for the entity and its managing officers, and can attract civil financial penalties. Your Overseas Entity ID becomes invalid, and HM Land Registry will not register a sale, transfer, lease or charge of your UK property until the record is brought up to date.
Do we need a UK-regulated agent to file?
Yes. The beneficial ownership information must be verified by a UK-regulated agent, who provides an agent assurance code when filing. You cannot self-certify. Edward Young Notaries & Lawyers acts as your UK-regulated agent and handles the verification and filing.
Will our personal and trust information be public?
No. The public register shows limited information about registrable beneficial owners. More sensitive data, particularly trust information, is shared only with Companies House and specified public authorities – not placed on the public record. We make sure the right information is filed in the right place.
How does this affect HM Land Registry and our transactions?
If your Overseas Entity ID is invalid because the update has not been filed, HM Land Registry cannot register most disposals, charges or leases of your UK land. That can stall or derail sales and refinancing. Our job is to keep your entry valid so transactions proceed smoothly.
How much does the update statement cost?
Our fixed fee is £300 + VAT for a no-change update and £500 + VAT where changes need to be verified. The Companies House digital filing fee of £134 is paid separately, directly to Companies House.
About the Firm
Edward Young Notaries & Lawyers
A UK-regulated agent for the Register of Overseas Entities, authorised by Companies House and supervised under the Money Laundering Regulations 2017. We combine regulated AML verification with real-estate and company-law experience, so your update statement is accurate, on time and aligned with your wider UK property position.
Regulated by the Faculty Office of the Archbishop of Canterbury · Members of The Notaries Society · STEP · ACSP registered.
Contact
19 Wigmore Street, London W1U 1PH
notary@notarypubliclondon.co.uk
Office hours: Monday to Friday, 0830 to 1700
Get a fixed-fee quoteKeep your Overseas Entity compliant – and your UK property deal on track
Get in touch with a UK-regulated legal professional. We’ll confirm your statement date, your risk level and your fixed fee, then move straight into verification and filing – done within 24-48 hours.