Concise Accountancy

Accountants and Registered Auditors

SIC codes

SIC codes for Financial and insurance businesses

You are required to specify a SIC code when completing your confirmation statement for Companies House. SIC stands for Standard Industrial Classification. This article focuses on Section K of the SIC codes for Financial and insurance businesses. The SIC codes are divided into sections in alphabetical order, ranging from Section A to Section U.

The Office for National Statistics refers to these SIC codes as the UK SIC 2007 codes and use them to produce statistics.

Section K: SIC codes for Financial and insurance

SIC codeDescription
64110Central banking
64192Building societies
64201Activities of agricultural holding companies
64202Activities of production holding companies
64203Activities of construction holding companies
64204Activities of distribution holding companies
64205Activities of financial services holding companies
64209Activities of other holding companies n.e.c.
64301Activities of investment trusts
64302Activities of unit trusts
64303Activities of venture and development capital companies
64304Activities of open-ended investment companies
64305Activities of property unit trusts
64306Activities of real estate investment trusts
64910Financial leasing
64921Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
64922Activities of mortgage finance companies
64929Other credit granting n.e.c.
64991Security dealing on own account
64999Financial intermediation not elsewhere classified
65110Life insurance
65120Non-life insurance
65201Life reinsurance
65202Non-life reinsurance
65300Pension funding
66110Administration of financial markets
66120Security and commodity contracts dealing activities
66190Activities auxiliary to financial intermediation n.e.c.
66210Risk and damage evaluation
66220Activities of insurance agents and brokers
66290Other activities auxiliary to insurance and pension funding
66300Fund management activities
Source: Companies House

Choose the correct SIC codes for your business

You are required to specify at least one SIC code that closely represents your business activity when you complete your confirmation statement for Companies House.

For example, if you are a financial institution providing a mortgage service and you are using a limited company for this business activity you would require to submit a confirmation statement to Companies House at least once every 12 months. You can submit your confirmation statement online or by post.

In your confirmation statement CS01 form, under the Standard Industrial Classification code, the SIC codes that related publishing business activities are as follows:

  • 64922 Activities of mortgage finance companies

SIC codes for other businesses not related to Financial and insurance

Click here for a list of SIC codes for other business activities not listed above.

Disclose your business activity in your company accounts

You are also required to disclose your business activities in your company accounts. Usually, the disclosure is in the format of a description rather than using the SIC codes.

For example, you would write in your director’s report under Principal activities heading something like this.

“The principal activity of the company is that of providing mortgage services to the public. There has been no change in the business activity during the year or since the balance sheet date. The director is of the view that the company is well-positioned for the future.”

The director’s report is part of your company accounts.

If you require help with your company’s filings with Companies House or HM Revenue and Customs, feel free to contact our accountants. They will be more than happy to assist you.

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