Statutory Audit  Services for UK Businesses & Charities

Whether you need a statutory audit depends on range of factors, such as your articles of association, your company size and the industry you work in. 

You need an audit if:

•  Your articles of association require one

•  Shareholders with 10%+ of shares request one in writing, sent to your registered office at least one month before year end

   

For financial years starting on or after 6 April 2025, you need an audit if you meet two of these:

• Turnover above £15m
• Assets above £7.5m
• 50+ employees

Legislation also demands that limited companies of certain types – or in certain sectors – must be audited. The following need a statutory audit, regardless of company size:

• Public companies

•  Subsidiary companies

•  Authorised insurance companies / those carrying out insurance market activity

•  Firms involved in banking or issuing electronic money

•  Firms involved in banking or issuing electronic money

•  Undertakings for Collective Investment in Transferable Securities (UCITS) management companies

•  Corporate bodies whose shares have been traded on a regulated market

•  Funders of master trust pension schemes

•  Special register bodies

•  Pensions or labour relations bodies