companies house
Post on 03-Jan-2016
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Companies House
New Challenges for the Registries:
Challenges for Companies House
Paul Reynolds
Senior Policy Advisor: Europe
providing companyinformation thatcustomers 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• Company names• Out of date legislation• Annual filing requirements• Requirements to keep information• Digital communication • Duplication• Amending the register• Penalties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
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
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