The current Companies House system is not without its flaws. Adam Bernstein investigates the potential for reform
The United Kingdom is thought of as being at the vanguard of the rule of law, good governance, and best business practice. However, the registration and administration of corporates within the UK is behind that of its overseas rivals. Before the 1844 Joint Stock Companies Act, companies could only form by royal charter or act of parliament. However, the 1844 act provided for firms to be incorporated so long as they were recorded on a public register – Companies House – where the public could understand the entities they were dealing with.
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