Construction: New Businesses
The question
To ask the Secretary of State for Business and Trade, if his Department will take steps with Companies House to create a database to enable consumers to check whether builders have previously liquidated their companies and opened new businesses under a new name.
Answered by Justin Madders
Companies House does not have any plans to build a specific database for the purpose outlined.
Companies House is taking action to improve the quality of the information on the Register of Companies using powers made available by the Economic Crime and Corporate Transparency Act 2023.
The Act also provides for the compulsory identity verification of directors, persons with significant control and those acting on behalf of companies. This will ensure that consumers are able to more easily trace the previous appointments of company directors. The systems needed to enable the deployment of identity verification are currently being implemented.
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