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

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Presentation on theme: "Companies House New Challenges for the Registries: Challenges for Companies House Paul Reynolds Senior Policy Advisor: Europe."— Presentation transcript:

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

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3 providing company information that customers value

4 Government Agendas Streamlined interaction with government Digital Interconnection Open Data / Public Sector Information Transparency Growth Austerity and efficiency

5 CH Challenge BURDENS TRANSPARENCY INTEGRITY

6 Burdens

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8 Company names Out of date legislation Annual filing requirements Requirements to keep information Digital communication Duplication Amending the register Penalties Red Tape Challenge

9 Open Data and Transparency

10 Data Free Integrity OPEN Transparent Accurate

11 181 3 MILLION 298,000, m 200% 130m

12 181M

13 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

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

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16 Integrity and Accuracy

17 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

18 STRATEGIC OBJECTIVES EASE OF USE

19 Thank you for listening Any questions? Paul Reynolds:

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