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

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Presentation transcript:

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 Open Data / Public Sector Information Transparency Growth Austerity and efficiency

CH Challenge BURDENS TRANSPARENCY INTEGRITY

Burdens

Company names Out of date legislation Annual filing requirements Requirements to keep information Digital communication Duplication Amending the register Penalties Red Tape Challenge

Open Data and Transparency

Data Free Integrity OPEN Transparent Accurate

181 3 MILLION 298,000, m 200% 130m

181M

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

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

Integrity and Accuracy

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

STRATEGIC OBJECTIVES EASE OF USE

Thank you for listening Any questions? Paul Reynolds:

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