Companies House

Regulating Consumer Investments and Company Register Reform

The Financial Conduct Authority (FCA) have launched a consultation on the Consumer Investment Market. They consider it a priority to reduce the harm that many consumers suffer from fraud in this sector. The FCA has this to say: “We have made significant improvements to this market to protect consumers. But there are over 5,000 financial adviser firms and more than 27,000 individual advisers acting as intermediaries between the consumer and their investment. Dominated by small firms, these complex chains of interdependent products ...

Changes Proposed at Companies House

The Government BEIS Department have recently proposed a number of important changes to the way Companies House operates in a public consultation entitled “Corporate Transparency and Register Reform” (see https://tinyurl.com/yysf9gdn ). Here’s a brief summary of the main points: This consultation will be of interest to anyone who is a director of a private or a public company, or a major shareholder in such a company (i.e. those People with Significant Control). Even directors of the smallest companies could be affected. A major ...

Companies House About Face

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 ...

Companies House Records May Be Lost

The last ShareSoc Informer Newsletter contained an article on the ease with which one can look up the past history of company directors in the new free service provided...