Archives: Commercial

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Companies House – identity verification

May 2025 | Commercial

Companies House has issued guidance regarding the new identity verification process. Anyone setting up, running, owning or controlling a company in the UK will need to verify their identity to prove they are who they claim to be. Companies House states: ‘Why you need to verify your identity Identity verification is a new legal requirement. …

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SC – secret profits

April 2025 | Commercial

The SC has issued an important judgment relating to secret profits. The case summary is as follows: ‘Background to the Appeal This is an appeal about the “profit rule” for fiduciaries. Fiduciaries, such as trustees or company directors, owe a duty of loyalty to their beneficiary/principal (the person for whom they hold or manage property, …

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