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971330

	registered interest
	date	10/09/2018
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Minister for the Cabinet Office, pursuant to paragraph 11 of his consultation document on the draft Register of Overseas Entities Bill relating to information for the public register on the beneficial ownership of companies that bid for public contracts, what thresholds he is considering for those contracts.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	172509
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>The Government has decided that the most effective way to achieve the required level of transparency on overseas entity beneficial ownership is to require information about beneficial ownership as a condition of awarding contracts that meet certain conditions or thresholds, and that this will enable the public and interested parties to easily identify the beneficial owners of entities awarded central government contracts. The information about beneficial ownership that will be required, will be equivalent to that proposed for the Register of Overseas Entities, and it will be published in an equally transparent way.</p><p><br></p><p>The Government is currently considering mechanisms including the Contracts Finder service (currently used to publish contract award information) to achieve this. A financial threshold for applying the policy on publishing beneficial ownership information has not yet been decided and will be subject to a Government consultation.</p> answering member constituency Hertsmere answering member printed Oliver Dowden grouped question UIN 172510 question first answered 14/09/2018 11:11:12 answering member 4441 label Biography information for Oliver Dowden
	tabling member	4061 label Biography information for Bill Esterson

971331

	registered interest
	date	10/09/2018
	answering body	Cabinet Office
	answering dept id	53
	answering dept short name	Cabinet Office
	answering dept sort name	Cabinet Office
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Minister for the Cabinet Office, pursuant to paragraph 11 of his consultation on the draft Register of Overseas Entities Bill and the information for the public register on beneficial ownership of companies that bid for public contracts, what conditions he is considering for those contracts.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	172510
	answer	answer is ministerial correction date of answer 14/09/2018 answer text <p>The Government has decided that the most effective way to achieve the required level of transparency on overseas entity beneficial ownership is to require information about beneficial ownership as a condition of awarding contracts that meet certain conditions or thresholds, and that this will enable the public and interested parties to easily identify the beneficial owners of entities awarded central government contracts. The information about beneficial ownership that will be required, will be equivalent to that proposed for the Register of Overseas Entities, and it will be published in an equally transparent way.</p><p><br></p><p>The Government is currently considering mechanisms including the Contracts Finder service (currently used to publish contract award information) to achieve this. A financial threshold for applying the policy on publishing beneficial ownership information has not yet been decided and will be subject to a Government consultation.</p> answering member constituency Hertsmere answering member printed Oliver Dowden grouped question UIN 172509 question first answered 14/09/2018 11:11:12 answering member 4441 label Biography information for Oliver Dowden
	tabling member	4061 label Biography information for Bill Esterson

850228

	registered interest
	date	26/02/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to the consultation Property ownership and public contracting by overseas companies: improving transparency, published by his Department on 4 March 2016, what steps his Department has taken following the results of that consultation.
	tabling member constituency	Hampstead and Kilburn
	tabling member printed	Tulip Siddiq
	uin	129796
	answer	answer is ministerial correction date of answer 05/03/2018 answer text <p>The Department for Business, Energy and Industrial Strategy published a summary of responses to the consultation on Property ownership and public contracting by overseas companies: improving transparency on 5 April 2017. On the same day, the Department published a call for evidence on an Overseas companies and other legal entities beneficial ownership register. The Government response to the call for evidence will be published shortly. On 24 January this year the Government issued a written ministerial statement confirming the timetable for implementation of this register. The Government will publish a draft Bill before the summer recess this year. We intend to introduce the Bill to Parliament early in the second session. Following Royal Assent and the making of secondary legislation to implement some of the technical details, the register will be operational in 2021.</p> answering member constituency Burton answering member printed Andrew Griffiths question first answered 05/03/2018 14:34:19 answering member 3936 label Biography information for Andrew Griffiths
	tabling member	4518 label Biography information for Tulip Siddiq

1123688

	registered interest
	date	29/04/2019
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how many exemptions have been made under the people with significant control register; and for what reasons those exemptions have been made.
	tabling member constituency	Glasgow Central
	tabling member printed	Alison Thewliss
	uin	248713
	answer	answer is ministerial correction date of answer 07/05/2019 answer text <p>As at 30 April 2019, 836 live companies were exempt from the requirements to file information about their People with Significant Control. This is because they are subject to other disclosure requirements due to their voting shares being admitted to trading on a regulated market in the UK or EEA, or on markets listed in Schedule 1 to the Register of People with Significant Control Regulations 2016.</p><p> </p><p>Exemptions can also be granted in very limited circumstances, in the interests of national security, the economic wellbeing of the UK, or in the support or prevention or detection of serious crime. I refer the hon. Member to the Written Ministerial Statement made on 26 January 2016, <a href="https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2016-01-26/HCWS488/" target="_blank">HCWS488</a>, which set out the circumstances in which such exemptions would be granted.</p><p><strong><br> </strong></p><p> </p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 07/05/2019 16:05:18 answering member 4487 label Biography information for Kelly Tolhurst previous answer version 116369 answering member constituency Rochester and Strood answering member printed Kelly Tolhurst answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	4430 label Biography information for Alison Thewliss

969496

	registered interest
	date	07/09/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, how many people have been (a) prosecuted and (b) convicted for offences related to the non-disclosure of Person of Significant Control of UK companies; and what the total amount of fines imposed was for such offences for the most recent period for which data is available.
	tabling member constituency	Vauxhall
	tabling member printed	Kate Hoey
	uin	171645
	answer	answer is ministerial correction date of answer 13/09/2018 answer text <p>(a) From June 2016 (when Persons of Significant Control criminal offences came into force) to September 2018 criminal proceedings have been issued against 99 individuals (directors) and 89 companies.</p><p> </p><p>(b) 5 individuals have been convicted - 4 convictions were for offences contrary to section 790VA Companies Act 2006 (failing to update Companies House with details of relevant entries to a company’s PSC Register.) A further 4 companies were convicted of the same offence. 1 individual has been convicted of an offence contrary to section 790F Companies Act 2006 (failing to make relevant enquiries relating to a company’s PSC). 2 companies have been convicted of the same offence.</p><p> </p><p>(c) The total amount of fines for these offences is £7,000.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 13/09/2018 15:23:47 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	210 label Biography information for Baroness Hoey

971332

	registered interest
	date	10/09/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he plans to empower Companies House to identify and report suspicious activity in the persons of significant control register; and if he will make a statement.
	tabling member constituency	Sefton Central
	tabling member printed	Bill Esterson
	uin	172511
	answer	answer is ministerial correction date of answer 13/09/2018 answer text <p>Companies House already work very closely with UK law enforcement bodies and routinely share intelligence with them. This includes information that they have received or identified that may indicate suspicious activity. Companies House also assists UK law enforcement with over 120 investigations each month.</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 13/09/2018 15:16:44 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	4061 label Biography information for Bill Esterson

982568

	registered interest
	date	08/10/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment his Department has made of the ability of Companies House to verify beneficial ownership data submitted to the register.
	tabling member constituency	Hayes and Harlington
	tabling member printed	John McDonnell
	uin	175849
	answer	answer is ministerial correction date of answer 16/10/2018 answer text <p>Companies House carries out a number of checks on all information received; ensuring it is valid, complete, correctly formatted and in compliance with company filing requirements. The obligation to ensure the information is accurate lies with the company and its directors. A company commits an offence if it files false information.</p><p>In addition, following the Financial Action Task Force evaluation, which will report back in due course, the Government will actively consider areas where the Anti Money Laundering/Counter Terrorism Finance framework can be improved. The Government will look in particular at controls over who registers companies in the UK, what information they have to provide, and how assurance is provided over that information</p> answering member constituency Rochester and Strood answering member printed Kelly Tolhurst question first answered 16/10/2018 16:23:21 answering member 4487 label Biography information for Kelly Tolhurst
	tabling member	178 label Biography information for John McDonnell

908934

	registered interest
	date	21/05/2018
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Companies: Ownership
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made of the number of historical British business brands that are owned by companies registered outside the UK.
	tabling member printed	Lord West of Spithead
	uin	HL8096
	answer	answer is ministerial correction date of answer 01/06/2018 answer text <p>No such assessment has been made. The Government is committed to making the UK one of the best places to work, invest and do business.</p> answering member printed Lord Henley question first answered 01/06/2018 12:53:10 answering member 2616 label Biography information for Lord Henley
	tabling member	3834 label Biography information for Lord West of Spithead

1327923

	registered interest
	date	25/05/2021
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the proportion of all registered companies in the UK which have not listed an ultimate beneficial owner; and if he will make a statement.
	tabling member constituency	Birmingham, Hodge Hill
	tabling member printed	Liam Byrne
	uin	7105
	answer	answer is ministerial correction date of answer 03/06/2021 answer text <p>As of 1 April 2021, the proportion of all registered companies in the UK, having not listed an ultimate beneficial owner (Person of Significant Control) are 0.25% of the effective company register.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 03/06/2021 15:39:48 answering member 4414 label Biography information for Paul Scully
	tabling member	1171 label Biography information for Liam Byrne

1328103

	registered interest
	date	26/05/2021
	answering body	Department for Business, Energy and Industrial Strategy
	answering dept id	201
	answering dept short name	Business, Energy and Industrial Strategy
	answering dept sort name	Business, Energy and Industrial Strategy
	hansard heading	Companies: Ownership
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what estimate his Department has made of the number of (a) companies and (b) individuals who have not complied with requirements to declare beneficial ownership; and how many sanctions have been levied against individuals or companies for non-compliance.
	tabling member constituency	Birmingham, Hodge Hill
	tabling member printed	Liam Byrne
	uin	7743
	answer	answer is ministerial correction date of answer 11/06/2021 answer text <p>On 1 April 2021 the number of registered companies in the UK that had not complied with requirements to declare beneficial ownership, by not listing an ultimate beneficial owner (Person of Significant Control: PSC), was 11,107 (0.25% of the effective register). Between 01/04/19 and 31/03/2021, The Insolvency Service (which is responsible for prosecuting these offences) has achieved a total of 210 convictions, of which 91 companies and 119 directors were convicted for offences relating to the beneficial ownership of companies. Two of the convicted directors also received disqualification orders for a period of 3 years.</p><p> </p><p>Companies House is unable to offer an estimation of the individuals who have not complied with requirements to declare beneficial ownership. Until a company registers the details of the individual, or a statement declaring why no details have been provided, it has no indication for the cause of the non-compliance and cannot, therefore, provide a reliable estimate.</p><p> </p><p>In addition to the companies that have provided details of their Persons of Significant Control, there will be a proportion of compliant companies that have legitimately not provided details of their PSC. This is because either an exemption has been applied or a statement registered in accordance with law declaring why no details have been provided.</p> answering member constituency Sutton and Cheam answering member printed Paul Scully question first answered 11/06/2021 10:02:06 answering member 4414 label Biography information for Paul Scully
	tabling member	1171 label Biography information for Liam Byrne