Companies House has a target for the processing of electronic incorporations of 95% within 3 working days. A
written answer in the
House of Commons last week indicated that 19% of incorporations did not meet this target last month (the target was met in the previous three months).
Ian Lucas MP, the Minister for Business and Regulatory Reform, provided this explanation for the target not being met in October:
The increase in numbers of incorporations failing to meet the target in October was due to the implementation of the Companies Act 2006 and a variety of factors including: data processing issues; customer and staff lack of familiarity with new requirements; and initial issues with system performance. Steps taken include: assigning resources; identifying and fixing data validation issues; clarifying and communicating policy issues. These steps resulted in incorporations targets being met from 9 October onwards".
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