Statements for your Credicorp facility are part of your company's financial records, so they fall within the record-keeping you already do for your accounts, your auditors, and HMRC.
Why keep them
- They support the figures in your statutory accounts filed at Companies House.
- They give auditors a clear trail for how the facility moved over the year.
- They back up the cost of borrowing claimed in your accounts and tax return.
How long to keep them
UK companies are generally required to keep accounting records for several years, and the exact period depends on your circumstances and the relevant rules at the time. Your statements should be retained at least as long as the accounts they support. Your accountant can confirm the right retention period for your company, since the duty sits with the company and its directors.
Practical archiving
We keep your statement history available in your account, but it is sensible to download and archive your own copies too, ideally alongside the accounts for each year. A consistent folder structure by financial year makes any future audit straightforward. Because Credicorp lends only to UK limited companies and LLPs, these are always company records, never personal ones, and no director gives a personal guarantee for the facility.
See also: How long do you keep my records?, Can I give my statement to my accountant or bookkeeper?, Can I use my statement for VAT and Corporation Tax?.