companies house new challenges for the registries: challenges for companies house paul reynolds...

Companies House

New Challenges for the Registries:

Challenges for Companies House

Paul Reynolds

Senior Policy Advisor: Europe

providing companyinformation thatcustomers value

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• Company names• Out of date legislation• Annual filing requirements• Requirements to keep information• Digital communication • Duplication• Amending the register• Penalties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

FreeIntegrity

OP

EN

Transparent

Accurate

181

3 MILLION298,000,000

175430m

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: preynolds@companieshouse.gov.uk