Small Business, Enterprise and Employment Act

By : Administrator
Published 9th November 2015

In March this year, the Small Business, Enterprise and Employment Act received Royal Assent (green light from the Queen) and it's primary purpose is to cut red tape for business owners.

The propaganda is that it will help boost the economy and make the UK be seen as a destination to do business.

The act is getting rolled out gradually, the first stage abolishing Bearer shares (shares not assigned to an individual) happened in May. October saw a change to partially suppressing the date of birth for directors on companies house, as well as accelerated strike off procedures for non trading companies.

December 2015 will see a simplified process for director disputes and registered office disputes, with the next changes scheduled for next April when businesses will need to disclose anyone who has "significant influence or control over the company, trust or firm".

I can see that having some interesting interpretations. 

So something else to keep on your business radar 

A full breakdown of all the changes can be seen here:

Gov.uk - The Small Business, Enterprise and Employment Act


Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn
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