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In UK ownership can be derived though Companies House fillings. I have seen tools that do this and provide some sort of network map so you can drill into direct
by monkeydust 5y ago
In UK ownership can be derived though Companies House fillings. I have seen tools that do this and provide some sort of network map so you can drill into directors and see their connections to other companies.
- traceroute66 5y ago> In UK ownership can be derived though Companies House fillings In theory yes. In practice, perhaps more grey. UK Company Ownership: (a) Does not have to be a human, a company can be owned by a corporate body (there is a requirement for one human on the board, but that can be a lawyer or whatever, so the actual owners can be behind a corporate body). (b) Companies House does not carry out any data validation, they accept what you sign and send them and publish it verbatim. (c) There is no jurisdictional requirement on human or corporate body directors (i.e. UK company can be operated by entities based in a, shall we say, more "privacy focused" jurisdiction).
- csomar 5y ago> (b) Companies House does not carry out any data validation, they accept what you sign and send them and publish it verbatim. I think this is the crux of the issue. While Companies House "appears" transparent, it's actually just a directory website where any dog can put anything.
- miohtama 5y agoIn the EU, 25% ultimate beneficial ownership must be declared to Companies House equivalent, though not sure if this has to be published..
- sails 5y agoGlobal witness does some work to link together the actual beneficial owners, as CH not quite there in determining the structure https://github.com/Global-Witness https://github.com/Global-Witness