It is very good news that we are moving from a register to a regulator. On the capacity of Companies House to do that, there are around 5 million companies in the UK, with probably two directors on average, and 500,000 companies are registered every year. Does Companies House today honestly have the capacity to properly verify the ID of all those directors?
Economic Crime and Corporate Transparency Bill
Proceeding contribution from
Kevin Hollinrake
(Conservative)
in the House of Commons on Thursday, 13 October 2022.
It occurred during Debate on bills on Economic Crime and Corporate Transparency Bill.
About this proceeding contribution
Reference
720 c286Session
2022-23Chamber / Committee
House of Commons chamberSubjects
Librarians' tools
Timestamp
2022-10-17 09:04:26 +0100
URI
http://hansard.intranet.data.parliament.uk/Commons/2022-10-13/22101340000148
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Commons/2022-10-13/22101340000148
In Solr
https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Commons/2022-10-13/22101340000148