Filing the SH01 form late can result in: Late filing penalties. Companies House imposes a penalty for late filing of the SH01 form. The amount of the penalty depends on how late the form is filed and can range from £40 to £150. Criminal offence. Failing to file the SH01 form on time can be considered a criminal offence. Company directors could be prosecuted, and if found guilty, may face fines or imprisonment. Loss of rights. Your business can lose certain rights, such as the ability to pay dividends, issue new shares, or make changes to its share structure. Negative impact on credit score. Late filing of the SH01 form can also negatively impact your company's credit score and credit rating, making it harder to obtain credit or loans in the future. If you are having trouble filing the form or need more time, you may be able to apply for an extension or get professional advice from a qualified accountant or solicitor.