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Companies House Reform White Paper Published

Tackling fraud and reducing crime ...

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Posted by Roger Eddowes on 10/03/2022 @ 8:00AM

According to the Government, Companies House's powers are to be boosted so it can better tackle crime and fraud and offer a stronger foundation for boosting enterprise ...

I'm pleased these Companies House reforms will soon be in effect!

I'm pleased these Companies House reforms will soon be in effect!

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They have finally published their response to a consultation on reform that will see the register transformed from a passive information repository to an active gatekeeper of company creation.

"This will allow it to meet the demands of a 21st-century economy!"

The register, and the equivalents in Scotland and Northern Ireland, are to receive new powers to improve the quality of the company register as well as being able to query suspicious appointments and filings. In some cases, they can request further evidence, or even reject a filing.

It will also have an extensive gateway to law enforcement to allow it to easily share data with the police, other government bodies and even the private sector where appropriate.

Individuals setting up, managing or controlling companies will also be forced to prove a verified identity and have registered via an anti-money laundering third-party agent, so anonymous filings will become almost impossible.

"Directors will have links to all of their interests in one place!"

I'm pleased these changes will soon be in effect. It's a chink in the armour of Companies House that is being dealt with. Tackling fraud and reducing crime will only benefit the economy in the long run and will show the world we are a free, open and trustworthy democracy.

Until next time ...

ROGER EDDOWES
Business Godparent

 
 



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If anything I've written in this blog post resonates with you and you'd like to discover more about these Companies House reforms, it may be a great idea to give me a call on 01908 774320 and let's see how I can help you.

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About Roger Eddowes ...

 

Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.

Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.