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Corporate transparency and reform of the companies register

21 September 2020

Proposing MP
Paul Scully Con
Sutton and Cheam
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy
View on Parliament.uk -->

At a Glance

Issue Summary

The UK government published its response to a 2019 consultation on enhancing Companies House and increasing corporate transparency.

Action Requested

The government intends to proceed with measures proposed in the consultation, including reforms to make Companies House data more useful and usable through future consultations. Legislation will be introduced when Parliamentary time allows.

Key Facts

  • The Government published its response on Friday 18 August.
  • Over 1300 responses were received from business, academia, and civil society.
  • Reforms aim to make the UK the best place in the world for starting and growing a business.
  • Costs will remain low by international standards.
  • The Government will consult on further reforms regarding company accounts and Registrar’s powers.
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