Reform of Companies House Register

The government is consulting on proposals to significantly change the role of Companies House, with the aim of ‘increasing the transparency of UK corporate entities and helping combat economic crime’.

The consultation considers reform to:

• the information that companies are required to disclose
• increasing the checks on the information disclosed
• measures to improve the exchange of intelligence between Companies House and UK Law Enforcement bodies

They are seeking in the views of those affected by the reform, which is set out in five parts:

1. knowing who is setting up, managing and controlling companies
2. improving the accuracy and usability of data on the companies register
3. protecting personal information on the register
4. ensuring compliance, sharing intelligence and other measures to deter abuse of corporate entities
5. implementation

Responses must be received by 5 August 2019. Full details of the consultation and how to respond can be found here.

Disclaimer - All information in this post was correct at time of writing.