Jurisdiction(s):
United Kingdom

ECCTA 2023: UK Companies House Identity Verification—Key Dates, MR01/Security Filing Risks and Lender Documentation Impacts

Published on: 17 November 2025

Published by a LexisNexis Banking & Finance expert

Legal News

Article summary

From 18 November 2025, under the Economic Crime and Corporate Transparency Act 2023 (ECCTA 2023), compulsory identity checks will apply to all new individual directors and persons with significant control (PSCs). There will also be a twelve‑month transition window for existing directors and PSCs to verify identity via the annual confirmation statement submission. What are the main implications for lenders? As these reforms take effect, lenders should revisit and, where necessary, update their due diligence procedures, while building additional provisions into loan and security documentation. Crucially, Companies House filings will become more complex, and any failure to comply could result in security not being validly registered at Companies House within the applicable deadline. This News Analysis examines the timetable and steps individuals must follow to verify at Companies House, the consequences of non‑compliance with the new obligations, and practical considerations for lenders to weigh.

Who needs to verify?

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