What the Companies House Verification overhaul means for ACSPs
Published
In a significant move to enhance corporate transparency and combat financial crime, Companies House is rolling out comprehensive changes to its verification processes, with Authorised Company Service Providers (ACSPs) playing a pivotal role in this transformation.
Understanding the new Companies House verification framework
The new verification system represents a fundamental shift in how companies and individuals interact with Companies House. ACSPs are now positioned as key intermediaries, authorised to conduct identity verification for company formations and filings.
Key changes for ACSPs in the new verification process
Enhanced due diligence responsibilities
New technological requirements for identity verification
Stricter compliance monitoring
Regular reporting obligations
How the verification overhaul impacts business operations
These changes will significantly reshape how businesses incorporate and maintain their Companies House records. While companies must adapt to new verification requirements that may extend processing times, the result will be a more secure business environment.
The changes will have substantial impacts across several sectors:
For businesses: Processing times and additional steps for company formations and filings, higher verification costs, but better protection against identity theft and fraud
For ACSPs: New opportunities as authorised verifiers, alongside necessary investments in technology and training
For law enforcement: Improved tools for investigating and preventing financial crime through better transparency and verification
For the general public: Enhanced security measures will make it harder for criminals to steal identities and personal details and publish them on the register
Though these changes may create initial operational challenges, they will strengthen the UK's standing as a trusted jurisdiction for business incorporation and operation.
The result will be a more secure, trusted and reliable register that better prevents criminal activity. We must work together to create a secure gateway rather than a revolving door that allows criminals to exploit the UK's supportive stance - ensuring businesses can thrive in an environment of prosperity. Ultimately, this isn't something that can be achieved in isolation, and the task of cleaning up the existing register shouldn't be underestimated - it's a mammoth job!
Timeline and implementation: What businesses need to prepare for
The new verification requirements are being implemented in phases, allowing ACSPs and businesses time to adjust their processes and systems. Key deadlines and requirements include:
From 18 March 2025: Third-party providers conducting identity verification checks must register as an Authorised Corporate Service Provider (ACSP).
From 8 April 2025: Individuals can voluntarily verify their identity, and ACSPs can confirm identity verification to Companies House.
Autumn 2025: Identity verification becomes mandatory for directors and PSCs.
Spring 2026: ACSP registration becomes mandatory for submitting documents to Companies House.
Want a deeper dive into the Companies House ID verification updates?
Check out our guide: Understanding Companies House ID Verification Changes: A Guide for ACSPs.
Benefits and challenges of the new ACSP verification process
While these changes promise to strengthen the UK's corporate governance framework, they also present certain challenges:
| Benefits: | Challenges: |
|---|---|
| ✅ Reduced risk of corporate fraud | ❓Initial implementation costs |
| ✅ Enhanced trust in company records | ❓Additional administrative burden |
| ✅ Streamlined verification processes | ❓Training requirements for staff |
| ✅ Greater transparency and accuracy of information | ❓Technology infrastructure updates |
The future of identity verification: What’s next for ACSPs?
The success of this overhaul will largely depend on how effectively ACSPs adapt to their new responsibilities and how smoothly the transition is managed. Companies House is expected to provide ongoing support and guidance to ensure a successful implementation of these changes.
Thirdfort can help you get ahead and understand your responsibilities as an ACSP.
As a provider of identification document validation technology (IDVT), Thirdfort is well-positioned to help businesses navigate these new requirements with our advanced identity verification technology and expertise. Our platform already meets the enhanced standards for identity verification, offering a streamlined solution that combines robust compliance with user-friendly processes. We provide comprehensive support throughout the verification journey, ensuring businesses can adapt to these changes efficiently while maintaining their operational momentum.
Get ahead with expert support
Navigating the new Companies House verification requirements doesn’t have to be a challenge. Book a demo to see how we can keep your business compliant and efficient.
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