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Companies House

Learn about the challenges faced by Companies House, the strategic objectives for improvement, and the importance of integrity, transparency, and open data in fostering growth and efficiency. Discover how open data can empower users and streamline interactions with the registry.

yael-fitzgerald
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Companies House

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Presentation Transcript

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 Red Tape Challenge • Company names • Out of date legislation • Annual filing requirements • Requirements to keep information • Digital communication • Duplication • Amending the register • Penalties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