Darren Lynch
208 posts



UK businesses beware! Companies House wants all small businesses to start posting their profit and loss statements for the world to see. When this goes ahead, not only can everyone see your finances in detail, they’ll see what you spend your money on. If your business has figured out a great marketing strategy or an awesome tech stack it will be there to see. If your business made a loss, maybe because you’ve been investing in growth you’ve had a bad year, everyone will see your financials. If you’re a small startup and you’re trying to look bigger than you are to win your first serious client, they’ll know that their deal will be significant. Maybe they won’t do the deal or maybe they’ll use it as leverage. If you top up your pension account, your whole team will see it. This will also be a scammers dream. They can send an AI through the internet looking for ways to exploit this data. When it goes ahead, it will be another blow to UK entrepreneurship. Why start a business in the UK and have your detailed financials on show to the world? Don’t believe it? Here’s the link. Please share this. gov.uk/government/pub…




















