Last week we attended a Companies House Focus Group where the representatives from Companies House were able to give us the heads up on the progress of the Government's new Bill for Small Business and Enterprise which is going to bring in the biggest changes in this area since the Companies Act 2006. The Bill is currently going through the Commons and it looks like it will come into Law before the Election.
One of the biggest changes is anticipated to come in October 2015, when it will become an offence for a company to have a corporate director. This will be followed in January 2016 when companies will be required to disclose in their registers and at Companies House "persons of significant control". This means that anyone who has 50% or more control over a company must be disclosed in the records even if they are not a shareholder/director.
We have attached a factsheet from Companies House and we will let everyone know when the new Bill becomes law and the implementation dates are finalised.