PETITIONClosedPetition · petition.parliament.uk
Do not require small businesses/micro-entities to file profit & loss accounts
From 1 April 2027, Companies House will require small businesses and micro-entities to publicly file their P&L in addition to the balance sheet. The option to file abridged accounts will be removed, making previously private financial information publicly accessible.
Last fetched 03 May 2026 · petition.parliament.uk
Signatures
36
signatures
Government response threshold (10,000) · 36/10,000
Debate threshold (100,000) · 36/100,000
Background
As an accountant working closely with small and owner-managed businesses, I am deeply concerned about the impact these changes will have on privacy, competitiveness, and entrepreneurial confidence.
I believe the most contentious issue is the requirement to publish the P&L account on the public Companies House register. This could expose key financial metrics such as turnover, gross profit, and operating profit to anyone — including competitors, suppliers, and even opportunistic scammers.