Companies Act 2006 - Statements of Capital - consultation on financial information required

Background to consultation

The last tranche of provisions of the Companies Act 2006 was commenced on 1 October 2009. Among the changes introduced then was a new “statement of capital” – a snapshot of a company’s share capital that must be produced at various stages in a company’s life-cycle, including each year in its annual return.

In the summer of 2009, it became clear that for certain companies, it could be difficult to comply with one of the requirements of the Act for financial information in the statement of capital. We published an FAQ on our website acknowledging the problem, and undertaking to consider and consult on how to resolve it.

Purpose of consultation

This consultation sets out proposals for amending the requirements that balance the interest of third parties in obtaining information with the cost to the company of supplying it.

The purpose of the consultation is to seek input on whether our assessments of the availability and value of information are accurate, and on our proposed options for changes in the information to be required.

Further information

To discuss policy issues raised in the consultation, please contact:

Richard Grafen
Department for Business, Innovation and Skills
Corporate Law and Governance Directorate
Tel: 020 7215 5323
email: richard.grafen@bis.gsi.gov.uk  

Download the consultation

Companies Act 2006: statements of capital. Consultation on financial information required (PDF, 165KB)

Download the summary of responses

The Government is now considering the best way forward in the light of the responses. It will set out its intentions in due course.

Companies Act 2006: Financial Information Required in Statements of Capital - Summary of responses to the consultation (PDF, 77 Kb) 

Download the consultation

• Companies Act 2006: Statements of capital - Consulation on financial information required (PDF, 164 Kb)