LTD Company - Level of detail on finances available publicly

[jonamv8]

Hi,

I use a range of online credit checking services, Experian, DueDill, WebCheck @ Companie House etc to get an overview of companies.

I notice the large companies tend to have a lot of financial detail available in relation to:

Turnover
Cost of Sales
Gross Profit
Operating Profit
Pre-tax Profit
Post-tax Profit

Smaller companies don't seem to have the above data available. My firm falls into the latter category, would someone be able to get turnover and profit data on my company from somewhere??

[gregf40]

No. Not if you submit abbreviated accounts to CH.

[jonamv8]

Ahh so the larger firms submit a full set of accounts and my accountant seemingly submits abbreviated. Thanks for clarifying

[gregf40]

Correct. If they have a turnover over a certain level (about £6m I think?) and over a certain number of employees then they are required to submit full accounts.

[jonamv8]

Thanks that clarifies that for me

[Eric Mc]

It is an OPTION for small companies - which most small companies tend to exercise.

However, if you WANT to file full disclosure accounts at Companies House you are fully entitled to do this, if you want to.

The criteria eligibility for filing abbreviated accounts are -

Turnover under £6.5 million
Total Assets less than £3.26 million
Under 50 employees

HMRC require Full Disclosure accounts and will not accept Abbreviated Accounts.