Government launches consultation on Companies House reforms

15 May 2019

The government has launched a consultation on new Companies House reforms, including a 'major upgrade' of its register.

The consultation aims to tackle misuse of the register. It also strives to provide business owners with 'greater protection from fraud'.

Some of the key measures proposed by the government include a 'robust' identity check for company directors and people with significant control; a cap on the number of directorships an individual can hold simultaneously; and new systems to 'better protect' the personal information that is held on the Companies House register.

The government also advocates creating a more sophisticated method of identifying criminal activity. It has proposed establishing effective links between the records held by Companies House and other government bodies, so that anomalies can be identified sooner.

Louise Smyth, Chief Executive of Companies House, said: 'This package of reforms represents a significant milestone for Companies House as they will enable us to play a greater part in tackling economic crime, protecting directors from identity theft and fraud, and improving the accuracy of the register.'

The consultation is open until 5 August 2019.

Have we convinced you yet?

Please feel free to get in touch via phone, email or our quick contact form.

We offer initial free consultations – simply contact us to find out more.


ICAEW Chartered Accountants logo Sage logo chichester chamber of commerce and industry logo
Copyright

© 2019 James Todd & Co. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Contact us

Please call:
01243 776938
Lavant and Chichester
01273 470123
Lewes

Address
James Todd & Co, 1/2 The Barn, Oldwick, West Stoke Road, Chichester PO18 9AA
James Todd & Co, 16 Northgate, Chichester PO19 1BJ
James Todd & Co, The Mews, St Nicholas Lane, Lewes, East Sussex BN7 2JZ

James Todd & Co is the trading name of James Todd & Co Limited. Chartered Accountants and Registered Auditors. Registered No: 07350649 in England. VAT No. 322087875. ICAEW Firm Reference No: C002730145 and James Todd & Co (Lewes) Ltd (formerly known as Axtons). Chartered Accountants. Registered No: 11214467 in England. VAT No. 290460506. ICAEW Firm Reference No: C005791297

Registered to carry out audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Details of our audit registration can be viewed at www.auditregister.org.uk

Details of our Designated Professional Body (DPB) activities can be viewed at register.fca.org.uk. A member of the ICAEW Practice Assurance Scheme.