Business News
Bike challenge helps charity
Sarah and Andrew Tattersfield, from Mission Nutrition Rotherham, are celebrating after completing the London to Cologne bike ride. The local Herbalife Nutrition members from Heath formed part of a 67- strong team that took on the four-day challenge. Navigating their way from
Trafalgar Square in London to Harwich, the group’s journey continued through the Netherlands before finishing at the foot of Cologne Cathedral in Germany. Herbalife Nutrition has
supported Action for Children since 2007 and this latest pursuit has raised over £30,000 for the charity. Sarah said: “It was an
incredible experience with an amazing amount of money raised for Action for Children.” The money raised will be
used to provide cooking sessions and nutritional information to disadvantaged children and young people from local communities.
Insolvency expert urges introduction of ID checks
In response to a Government consultation into strengthening the role played by Companies House in the UK’s anti-fraud framework, Eleanor Temple, Chair of insolvency trade body R3 in Yorkshire, is calling for the Government to introduce identity checks for company directors to help reduce business fraud. Ms Temple
‘Directors should be subject to a
believes that by tightening the rules around checking information submitted to Companies House, the Department for Business, Energy and Industrial Strategy (BEIS) has a real opportunity to make the UK’s overall corporate governance system more robust. Eleanor, who is also a barrister at
greater degree of scrutiny’
are. We believe that some simple reforms, such as
introducing director ID verification, would
significantly strengthen the role and powers of Companies House. “It’s surprising that the checks
Kings Chambers in Leeds, said: “R3 has been concerned for some time about the relative laxness of some of the processes central to Companies House’s operations, especially those around verifying that directors are who they say they
currently performed when opening a high street bank account are actually more rigorous than those carried out when registering a new company – banks rightly recognise that not ‘knowing their customer’ can lead to misuse of financial systems to facilitate fraud. The protections offered to directors of
Eleanor Temple
limited liability companies by the corporate veil are powerful, and directors should be subject to a correspondingly greater degree of scrutiny. The current lack of director ID verification means that individuals who wish to obscure their involvement with other firms can enter a slightly different version of their name onto the Companies House register. Making the information held at Companies House as robust and accurate as possible can only help legitimate businesses by making it harder for fraudulent operators to hoodwink suppliers and customers.”
32 CHAMBERconnect Autumn 2019
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