New Transparency Laws in Force Today May Catch U.K. Company Directors Unaware

From Wednesday April 6th, the Small Business Enterprise and Employment Act 2015 will introduce far-reaching changes to the very fabric from which the cloak of private companies is woven. Ignorance of these provisions could lead to directors facing fines and penalties. One of the big distinctions between publicly traded and private companies has always been that the degree of transparency expected of the former group is not required of the latter. Of the estimated 3.59 million active companies registered at Companies House, the vast majority are private companies, many of which are small.