SME founders and investors have warned that new Companies House rules forcing them to disclose detailed profit and loss statements could hurt competitiveness, innovation and growth. As of April 2027, small companies will lose the right to file abridged accounts. They will instead file full accounts, including income statements that detail revenues, margins, director salaries and client concentration. Martin McTague, national chair of the Federation of Small Businesses, said the move "opens the door wide to competitors snooping on margins and for large companies in supply chains to scrutinise smaller suppliers’ finances." Warning that "it could give big players an unfair advantage and damage small firms negotiating power," he added that the changes will "make the system less friendly for small business owners at a time when the UK desperately needs more enterprise and growth."
