Home > Uncategorized > ICM Petition and quite right too

ICM Petition and quite right too

http://www.surveymonkey.com/s/8KGN5BH

There have been proposals to exempt businesses under a certain size (I think its £5m a year) from filing accounts at companies house. Now i’m all for keeping unnecessary paperwork to a minimum but I think this proposal is plain stupid. The accounts will have to be prepared anyway and filing them for public access is hardly onerous.

The simple fact is that the more information that is available, the easier it becomes to make confident credit decisions which in turn surely keeps the wheels turning. There are no realistic alternatives to a set of audited accounts (please dont mention bank and trade references), so is the government completely oblivious to the extent of credit risk in the market and the need for most sensible businesses to make the right discreet enquiries?

Please sign now….

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