Companies House, the UK agency overseeing company registration, has faced criticism for only collecting £1,250 in fines despite issuing penalties totaling £58,500. Since receiving new powers to crack down on false registrations, including identity verification measures, the agency reported that up to 20% of the 4.9 million companies may have provided inaccurate information. As concerns grow over fraud, particularly with fictitious names like Darth Vader appearing in the register, calls for stricter enforcement and quicker action to collect outstanding penalties have intensified, with a commitment to escalate collection efforts by summer 2025.
It's time for Companies House to get tougher... We won't defeat fraud with warnings. We need action. We need enforcement. And that means using the power to punish those trying to corrupt our economy.
Companies House has admitted that up to 20% of the 4.9m companies on its database may have submitted false information, which raises significant concerns about the integrity of the corporate register.
Collection
[
|
...
]