Submitted by Sarah Hunt on Monday 22nd January 2024
Published on Thursday 4th April 2024
Current status: Open
Open until: Friday 4th October 2024
Current Signatures: 432
(count is updated approximately hourly)
Relevant Departments
Do not require publication of full accounts for small/micro businesses
We believe the option to file abridged accounts should continue to be available to small/micro entities.
When a company is small/micro we believe there is no benefit to commercially sensitive information, such as the profit and loss account, to be made public.
The proposed changes to UK Company Law could mean:
- Small businesses will struggle to obtain credit to grow
- Small businesses will have less power in tender processes
- Employees will be able to make assumptions about their pay
- Customers bullying small businesses into cheaper rates/favourable payment terms knowing their business is a substantial % of their revenue
- That for a sole director company this will be akin to having their payslips available for anyone to look up
If you want to sign this petition (as opposed to merely discuss it), you need to do that on the government's e-Petitions website.
18.225.35.81 Fri, 03 May 2024 10:36:53 +0100