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Companies House

Companies House. New Challenges for the Registries: Challenges for Companies House Paul Reynolds Senior Policy Advisor: Europe. “. providing company information that customers value. ”. Government Agendas. Streamlined interaction with government Digital Interconnection

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Companies House

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  1. Companies House New Challenges for the Registries: Challenges for Companies House Paul Reynolds Senior Policy Advisor: Europe

  2. “ providing company information thatcustomers value ”

  3. Government Agendas • Streamlined interaction with government • Digital • Interconnection • Open Data / Public Sector Information • Transparency • Growth • Austerity and efficiency

  4. BURDENS CH Challenge INTEGRITY TRANSPARENCY

  5. Burdens

  6. Red Tape Challenge • Company names • Out of date legislation • Annual filing requirements • Requirements to keep information • Digital communication • Duplication • Amending the register • Penalties

  7. Open Data and Transparency

  8. Transparent Free OPEN Integrity Data Accurate

  9. 181 175 200% 430m 3 MILLION 130m 298,000,000

  10. 181M

  11. Transparency and access • Accessible data • More data • Free data • Dynamic data, linked data, mashed data … • Enhanced corporate transparency • Efficiency • Automation Open Data – The Power of information

  12. Use of accounts (data) • Financial health – new suppliers, lending • Financial ratios / gearing • Credit evaluation / solvency • Market Analysis: Competitor, Customer, Supplier • Tax assessment

  13. Integrity and Accuracy

  14. Integrity & Accuracy • Over 8 million transactions each year • Accounts and Annual Return compliance • Low level of complaint post registration • Future potential for improving • Identity Assurance • The power of digital • Reviewing and using our powers • Better remedies

  15. EASE OF USE STRATEGIC OBJECTIVES

  16. Thank you for listeningAny questions?Paul Reynolds: preynolds@companieshouse.gov.uk

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