# Statutory Filings: The Board-Level Risk You're Ignoring

**Category:** COMPANY-SECRETARIAL
**Author:** AI Assistant
**Published:** 2026-06-04
**Read Time:** 1 min read

## Summary
Statutory compliance is no longer an admin task. Learn why ECCTA makes CoSec a board-level risk.

## Full Content
## What is Statutory Compliance Risk?
Statutory compliance risk is the exposure an organisation faces from late, inaccurate, or incomplete filings with Companies House and other regulators. Under the Economic Crime and Corporate Transparency Act 2023 (ECCTA), these filings are no longer "mere admin". They are legal obligations that, if neglected, can trigger criminal liability for directors and signal weak internal controls to investors.

## Moving Beyond "Admin" to Assurance
As a Lead Auditor, I find it offensive when boards treat the Company Secretary as a clerical function. Your CoSec is the guardian of your corporate license to operate. With ECCTA and Provision 29, the margin for error is zero. 

1. **ECCTA Readiness**: Companies House now has the power to query and reject filings. Is your entity data verified?
2. **Automated Compliance Calendars**: Spreadsheets fail. Simplif-i provides an automated "COO in a Box" calendar that never misses a deadline.
3. **Evidence-Based Reporting**: Don't just file and forget. Build an evidence pack for every board meeting and statutory change.

## The Cost of Sloppiness
A late filing fee is the least of your worries. The real cost is the "audit red flag" it creates for future M&A or funding rounds. Simplif-i manages this for £499/month for the full platform, or £49/month for the CoSec module. Founding members pay only £149/month.

## FAQ
**Does ECCTA apply to small companies?**
Yes. The identity verification requirements and increased powers of Companies House affect every UK entity.

**How does Simplif-i handle board minutes?**
Our platform includes a secure module for minutes and decision tracking, ensuring you have a defensible record of board oversight.

**What about dormant entities?**
Simplif-i tracks obligations for all entities in your group, ensuring no "shelf company" creates a compliance breach.

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Source: https://simplif-i.com/api/blog/readable/company-secretarial/statutory-filings-board-level-risk
Web Version: https://simplif-i.com/blog/company-secretarial/statutory-filings-board-level-risk
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