Business loan declined: accounts overdue at Companies House
Filed accounts more than 1 month overdue at Companies House. Mainstream lenders treat overdue filings as evidence of weak financial control and decline at the gate.
Why this triggers a decline
Lenders can't underwrite without current accounts. Overdue filings often correlate with deeper trading-difficulty issues (cashflow, dispute with accountant, restructuring).
Alternatives that work
- File the overdue accounts.
- Apply to lenders that accept management accounts in lieu (rare on mainstream products).
- MCA against card flow where bank statements substitute for filed accounts.
Lenders that may consider this
- Capify (with bank statements)
- 365 Business Finance (case-by-case)
What to do first
- File the overdue accounts. Most mainstream lenders accept the application within 30 days of filing.
- If filing is blocked by an audit dispute, document the dispute to the lender.
- Pay any Companies House late-filing penalties before reapplying.
Not for
Companies under active strike-off action; companies with multiple consecutive years overdue.
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