Around 3000 businesses are registered to Companies House, the UK’s business register, every day. According to financial expert Graham Barrow, around 25% of them are questionable. Almost 10% of these businesses are registered by UK-resident Romanians, who make up just 0.5 of the population.
Companies House itself, however, has no means of identifying these issues. The data is not checked or linked to HMRC records and it is only by court order that information can be removed.
We need transparency to beat this issue.
Read more on newstatesman.com