Companies House About Face

The ShareSoc blog provides news and informal commentary from directors, members and other contributors. Entries reflect the personal views of the authors, which do not necessarily reflect ShareSoc’s formal position. Contributors may hold shares in the companies mentioned. Nothing in this blog should be viewed as financial advice. You may submit comments on blog posts, but ShareSoc reserves the right to remove or edit inappropriate or defamatory submissions.

According to a Commons statement issued by the BEIS Government Department, Companies House has decided not to remove company records after six years as previously proposed (and even before a formal consultation took place). ShareSoc did write to Companies House objecting and Private Eye did a good job of publicising the issue. Retaining Companies House records is important if one wants to see the track record of company directors and the companies with which they were involved. So this is at least a small victory for investors which should not be forgotten, just as company directors and their past misdeeds will not be able to be forgotten.

Roger Lawson

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