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The Companies House annual report and accounts continues to show an increase in the number...
Conclusion
The Companies House annual report and accounts continues to show an increase in the number of the companies registered. The Department considers this to be a reflection of wider international trends and increased entrepreneurial activity.41 However, the rise in registrations also increases the likelihood that the Companies House register contains fake entries.42 The Department acknowledges Companies House needs to manage this and is introducing greater powers through the Economic Crime and Corporate Transparency Bill for Companies House to check the identity of directors and to crack down on any abuse of the register.43
Government Response
A response document is linked to this report, dated 27 June 2023. Response attribution to this conclusion has not been verified. Read the response document.
Source
Committee
Public Accounts Committee
Addressee Bodies
HM Treasury
Timeline
Recommendation age
3.4 yrs
Report published
26 Apr 2023