The Biggest Companies House Reform in Decades

The Economic Crime and Corporate Transparency Act is transforming the way Companies House operates.

The aim is to improve the accuracy of the register and combat economic crime.

Identity Verification Is Now a Major Focus

Directors and People with Significant Control (PSCs) are required to verify their identities as Companies House rolls out mandatory identity verification.

Failure to comply can lead to penalties and restrictions on company filings.

Greater Scrutiny of Information

Companies House now has stronger powers to:

• Query filings
• Reject incorrect information
• Remove inaccurate data

This means directors must ensure records are accurate before submission.

Registered Office and Email Requirements

Companies must maintain an appropriate registered office address and provide a registered email address for official communications.

Future Changes to Accounts Filing

Further reforms will move company accounts filing toward software-only submissions and increase digital reporting requirements.

Action Points for Directors

✅ Verify identities promptly

✅ Review Companies House records

✅ Ensure PSC information is accurate

✅ Maintain a valid registered office

✅ Work with your accountant before filing deadlines

Final Thoughts

Many directors are unaware of the scale of the Companies House reforms. Taking action now can help avoid penalties, delays and compliance headaches in the years ahead.