In 2019, the Government consulted on a range of options to enhance the role of Companies House and increase the transparency of companies and other legal entities. This document sets out the actions the Government intends to take in response, subject
to funding being agreed in the forthcoming Spending Review. An overview of the reforms is set out below, some of which will require further consultation. These reforms will ensure the regulatory framework for setting up and reporting company information is fit for the 21st century. The Government’s vision is for a register built upon relevant and accurate information that supports the UK’s global reputation as a trusted and welcoming place to do business and a leading exponent of greater corporate transparency. Companies House will play an even stronger role as an enabler of business transactions and economic growth, whilst strengthening the UK’s ability to combat economic crime.
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