Content
History
The United Kingdom has a company house that is the exclusive agency of the British Government and its responsibility is to maintain the registration of companies, the employees registered in that company are also responsible for incorporating all types of companies working in the United Kingdom. The formation of this company setup started on September 5, 1844, because there was no central structure where companies could register themselves. Between 1801 and 1844, only a few unified companies existed and those companies which were incorporated were a total of 100 in number only.
A consolidated registrar was established under the Joint Stock Companies Act of 1844 enabling companies to be amalgamated. After the 1844 Act, a new Act revised in 1856, authorized the bursar for all 3 UK jurisdictions. In 1988, Companies House was branded to be an official executive agency. Companies House amalgamated all types of public limited, private limited/unlimited, and chartered companies.
About
About five million companies to date are registered in UK companies’ houses. More than five hundred thousand companies are amalgamated with it each year. Companies house effort their best to be confident in the economy by creating a transparent and accountable business circumstance.
Who are they?
Companies House is an organization of the Department for Business and Trade. They embrace the UK’s catalog of companies and the Register of Foreign Bodies. Companies House has thousands of people at their offices in Belfast, Edinburgh, and Cardiff.
Responsibilities
Companies House is responsible for:
- To incorporate companies
- To maintain and dissolve limited companies
- To examine and publish company information
- To promote transparency and growth of the economy of the UK
Priorities
Companies House priorities are:
- To make the register as precise and steadfast as conceivable
- To hinder economic crime
- To make the UK a safe place to run a business
Writer: Muhammad Tariq