Companies House regime faces major overhaul
Released 05 May 2019
The Government is planning a major overhaul to the working model and approach to Companies House.
The Government has set out its plans for a major overhaul of the Companies House regime, in a bid to increase the transparency in UK business, and in an attempt to reduce economic crime.
The 80-page consultation paper sets out a series of reforms to limit the risk of misuse under four headings of:
•increased information about who is setting up, managing an controlling companies;
•improving the accuracy and usability of data on the companies register;
•protecting personal information on the register; and
•ensuring compliance, sharing intelligence and other measures to deter abuse of corporate entities.