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Companies House and similar registers

Companies House and similar registers

I have just spotted this via the Global Business Register LinkedIn group. I am not sure how important this will be, but it appeals to the anorak in me.

The European Commission recently adopted a proposal to connect business registers within the EU. The information maintained by business registers, other than the minimum requirements, is not yet standardized, and this can create problems. For example, the difference in the frequency of registers’ updates might mean that information on the appointment of a director reaches concerned parties with delays creating misleading information on the company status.

Since 1992, there has been voluntary cooperation between business registers in Europe called the European Business Register (EBR). As of 2011, the EBR’s members included 19 Member States and six other European jurisdictions – Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Netherlands, Slovenia, Sweden, Spain, UK, Guernsey, Jersey, the former Yugoslav Republic of Macedonia, Norway, Serbia, Ukraine.

The fees charged by the registers also vary. The First Company Law Directive requires the price of obtaining a copy of registered documents and data shall not exceed the administrative costs thereof.

The proposal does not create a central EU database.

Finbar Cullen

Interconnection of business registers –

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Finbar Cullen established ResearchPlus in 2005 to provide fundraising research services for the not-for-profit sector. He researches people, companies and grant-making trusts and foundations, mostly in the UK, but also other parts of the world. Finbar has published directories of “unpublished” grant-making trusts (registered with the Charity Commission and with the Office of the Scottish Charity Regulator), and each month he contributes to The Trust List, highlighting newly registered grant-making trusts worthy of particularly close attention.

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