In The Red?… Companies House Annual Report

Companies House has published its 2009/10 annual report (Read it here (pdf)).

This contains the expected operational information and financial statements as well as some fairly interesting stats.

For example, 362,317 new companies were incorporated in the year to 31 March 2010 and of these 229,147 (or 63.2%) opted not to appoint a company secretary. In other words, a company secretary was appointed in 36.8% of new incorporations – despite the fact that companies legislation (Companies Act 2006) no longer requires such an appointment by private companies.

Also, it appears that Companies House has fallen on hard times of late. It had a turnover of £66,401,000 but made an operating loss of £288,000 in 2009/10 as opposed to a surplus of £877,000 in 2008/09!