Companies House reforms are changing the way companies, directors and People with Significant Control — usually referred to as PSCs — interact with the register.
Identity verification is becoming an important part of this process. Directors and PSCs need to understand their responsibilities and ensure that the appropriate information is supplied correctly and at the right time.
For businesses this adds another compliance requirement alongside annual accounts, Corporation Tax returns, Confirmation Statements and maintenance of the company’s statutory information.
First4Accounting is an Authorised Corporate Service Provider (ACSP) and can assist clients with Companies House compliance and the practical steps associated with the new identity-verification regime.
The important point is not to leave Companies House requirements until the last minute. Company records should be reviewed regularly so that changes in directors, shareholders, PSCs and registered information are dealt with promptly.