A new report estimates value of Companies House data at up to £3 billion per year. The findings have been published in a report commissioned by Companies House and BEIS, and sets out how the data benefits businesses, consumers and wider society.
There are currently more than 4 million companies on our register and more than 600,000 new companies are incorporated each year. Last year the Companies House register was accessed more than 6 billion times.
Accessing CH information was a fairly frequent exercise for most users, with half accessing data either every day or several times a week, while the other half accessed it ‘a few times a month’. Most often, users were usually looking to find information about a single company, although there was a handful of users who sometimes sought information about several companies at the same time, as well as for a single company.
How the information is used
When asked what information they were looking for when accessing the data, what they used if for, and why. A range of responses were provided but especially around looking at information on both current and potential clients.
“To find out about other companies and suppliers”
“To check on existing and prospective clients, and that accounts have been filed as planned”
“To get information on companies that we’re involved with, and carrying out financial due diligence on them”
“Tracking other companies who we may do business with”
Two key benefits emerged as the main benefits for accessing company information, namely, making better decisions about suppliers and/or customers and time savings to my organisation from the information being readily available.
You can get free details about a company using the Companies House Service, including:
- company information, for example registered address and date of incorporation
- current and resigned officers
- document images
- mortgage charge data
- previous company names
- insolvency information
Follow a company
Follow is a part of CHS which lets you receive free email alerts of company transactions. The alert tells you instantly what’s been filed with us, as soon as we’ve accepted it.
The email alert includes a link to the filing history of the company, where you can download a copy of the document for free. Simply;
- Sign in, once you’ve registered an email address and password.
- Search for a company to follow.
- Select the company.
- Click on ‘Follow this company’.