Companies House scrap proposals to delete company records
09 December 2016
Proposal for Companies House to delete all company records six years after a company was dissolved have been scrapped, even before the promised consultation has taken place.
The decision was put through in a written Commons answer two weeks ago from the Department for Business, Energy & Industrial Strategy (BEIS).
The proposal last August was widely criticised as the only beneficiaries of a wholesale deletion would be fraudsters who repeatedly open and close businesses in order to rook the public.
This database is indispensable for journalists, police officers, lawyers, researchers and bank compliance officials. It provides access to every firm incorporated in the UK, listing all their directors and shareholders and showing the returns of their accounts.