<p data-pm-slice="1 1 []">If companies receive a request for further information from the Registrar, it is important these are complied with within the 14-day period. Failure to do so may constitute an offence and result in financial penalties.</p>
There are understandable concerns over the cost and administrative burden associated with complying with identity verification requirements. However, Companies House has stated that there will be a range of services to support throughout the process. Identification can be verified directly with Companies House or via an ACSP. From 25 February 2025, Trust Company Service Providers and professional service advisers registered for Anti-Money Laundering under supervision in the UK will be able to register as an ACSP and provide verification services for their clients. This offers companies an alternative to reduce the administrative burden.

Directors must stay alert to these changes and their implications. If you need help understanding them or ensuring compliance, we are available to assist. We encourage all companies to regularly review their compliance, especially ahead of any anticipated corporate transactions.