When forming your limited company you will have noticed the Standard Industrial Classification code (or SIC code), which represents the type of business or industry your business identifies with. This is also part of the information that makes up the Confirmation Statement, the annual filing obligation required by Companies House (the UK’s registrar of companies).
The Standard Industrial Classification code (or SIC code) is a code that outlines the industry that a UK limited company operates in - or is going to operate in. It used to be that SIC code information wasn’t required until a company filed a Confirmation Statement (then known as the Annual Return), however, it’s now required as part of the company formation process.
The Standard Industrial Classification Code - also known as the SIC Code - is a 6-digit number that outlines the industry that a limited company operates in. In this post we’ll look at how you can change your company’s existing SIC Code.
The SIC code is a 5-digit code that defines the industry or industries that your limited company is operating in. It used to be that you first selected an SIC code when filing a confirmation statement (previously known as the annual return), but now entrepreneurs-to-be must provide a code when forming their limited company.
This month sees two important updates to the UK limited company formation process; the addition of a ‘People with Significant Control’ (PSC) section and the addition of a 'Standard Industrial Classification' (SIC) section. Let’s take a look at what this means for you when forming a company.