Companies House reforms now affect the routine management of UK companies. Directors and business owners should check their own deadlines, the accuracy of their filings and the controls used to prevent economic crime.
Identity verification is being phased in
Mandatory identity verification began on 18 November 2025. Existing directors generally provide their Companies House personal code through the company's next confirmation statement. Someone who is both a director and a person with significant control (PSC) must complete the requirements for each role separately.
PSCs have a specific 14-day window for submitting their verification details. Its timing depends on their circumstances, so the company's confirmation statement alone should not be treated as completing every requirement. Check the Companies House register and current guidance for the relevant date.
Fraud prevention is a separate obligation
The failure to prevent fraud offence took effect on 1 September 2025. It applies to organisations within the statutory large-organisation criteria, subject to the detailed rules. It can apply where an associated person commits a specified fraud intending to benefit the organisation or, in relevant circumstances, a client. Reasonable fraud-prevention procedures can provide a defence.
This is distinct from the wider changes to corporate criminal liability and Companies House's powers to question information. Not every measure in the 2023 Act applies to every business, or started on the same date.
Practical steps for businesses
Allocate responsibility for filings, check director and PSC records, and keep a record of verification deadlines. Review sales incentives, payment approvals, third-party relationships and routes for staff to report concerns. The controls should reflect the business's actual risks.
Balaghi & Rose advises businesses and directors on corporate governance, commercial risk and regulatory matters. Contact info@balaghi-rose.com to discuss your requirements.
Updated 23 October 2026. General information only; advice depends on the facts and the law applicable to your matter.
