Margaret Hodge – 2016 Parliamentary Question to the Department for Business, Energy and Industrial Strategy

The below Parliamentary question was asked by Margaret Hodge on 2016-10-07.

To ask the Secretary of State for Business, Energy and Industrial Strategy, how his Department is (a) monitoring and (b) enforcing the requirement for companies to disclose information on persons with significant control in their company as part of their company register in Companies House.

Margot James

Companies disclose information on people with significant control (PSCs) through the requirement to file a Confirmation Statement at least once a year, confirming its information, including PSC data, is correct. Companies House helps companies comply with these requirements by issuing guidance and also reminders to all companies to help them file on time. Filings are not accepted unless the information is complete, so Confirmation Statements must include information on PSCs. Where companies have not filed a Confirmation Statement, Companies House contacts companies seeking compliance and reminding them that they have committed an offence.