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
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Streamlined interaction with government
Digital
Interconnection
Open Data / Public Sector Information
Transparency
Growth
Austerity and efficiency
CH Challenge
BURDENS
INTEGRITY
TRANSPARENCY
Burdens
Red Tape Challenge
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Company names
Out of date legislation
Annual filing requirements
Requirements to keep information
Digital communication
Duplication
Amending the register
Penalties
Open Data and
Transparency
Free
OPEN
Transparent
Integrity
Data
Accurate
430m
175
200%
181
3 MILLION
130m
298,000,000
181M
Transparency and access
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Accessible data
More data
Free data
Dynamic data, linked data, mashed data …
Enhanced corporate transparency
Efficiency
Automation
Open Data – The Power of information
Use of accounts (data)
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Financial health – new suppliers, lending
Financial ratios / gearing
Credit evaluation / solvency
Market Analysis: Competitor, Customer,
Supplier
• Tax assessment
Integrity and Accuracy
Integrity & Accuracy
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Over 8 million transactions each year
Accounts and Annual Return compliance
Low level of complaint post registration
Future potential for improving
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Identity Assurance
The power of digital
Reviewing and using our powers
Better remedies
STRATEGIC
OBJECTIVES
EASE OF USE
Thank you for listening
Any questions?
Paul Reynolds:
[email protected]
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Challenges for Companies House