Skip to main content

Companies: Ownership

Question for Department for Business, Energy and Industrial Strategy

UIN 127236, tabled on 7 February 2018

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many confirmation statements his Department has challenged for inappropriate declarations of beneficial ownership since the requirement to make that declaration was introduced; and if he will make a statement.

Answered on

23 February 2018

69,543 confirmation statements were rejected for reasons specifically related to the provision of beneficial ownership details between 1 July 2016 and 31 January 2018. However, the majority of these are corrected by the company immediately when informed. The enforcement policy of Companies House is to help companies comply with their filing requirements, rather than immediately resorting to criminal or civil sanction. This is particularly important where there is reasonably new requirement such as the requirement to register beneficial ownership.