In an era where transparency and accountability are paramount, Companies House is taking a significant step forward with the introduction of new identity verification requirements under the Economic Crime and Corporate Transparency Act 2023. These changes are poised to reshape the landscape of corporate governance in the UK, reinforcing trust and integrity across the business ecosystem.

What’s Changing?

Companies House is implementing identity verification for:

• All company directors
• Persons with significant control (PSCs)
• Individuals filing on behalf of a company

This initiative is part of a broader strategy to combat economic crime and enhance corporate transparency.

What You Need to Know

• Identity verification will become a legal requirement for new appointments and incorporations from autumn 2025 (exact date to be decided on by Companies House). New companies will not be able to incorporate until all relevant parties are verified.
• For existing directors, PSCs and authorised agents, there will be a 12 month transition period, starting from autumn 2025, during which identity verification must be completed.
• Verification can be completed directly through Companies House or via an Authorised Corporate Service Provider (ACSP) such as Shaw Gibbs.

How We Can Help

At Shaw Gibbs, we are committed to supporting our clients through this transition.

Our services include:

• Expert guidance on verification requirements
• Comprehensive Identity Verification Services (where applicable)
• Ensuring all filings meet the updated regulatory standards

What to Do Now

While no immediate action is required, we recommend that all directors and PSCs ensure their identification documents (passport or driver’s licence and proof of address) are current. We will provide detailed instructions as Companies House releases further guidance.

Please feel free to reach out if you have any questions or concerns about these changes. We’re here to make the transition as smooth as possible.