“Not only does Martin have many years’ experience in dealing with commercial and trading businesses across a range of sectors, but he has played a big part of the growth and success of the firm’s Charity and Social Business Group sector group. Combining the two is no mean feat, and the fact that Martin has successfully done so underlines what a top performer he is.
The UK is the first country to bring in this type of register and so there are no other models to draw on and the government is intending to “…proceed cautiously , striking the right balance between improving transparency and minimising burdens on legitimate commercial activity”.
The Government are concerned that bringing external investors into a family business can dilute the founders down below a 5% stake in a company. The 5% threshold may therefore hold back the seeking of external funds and therefore hold back growth in a business.
These rates were always intended to rise over time but with so many other regulatory matters to keep up to date with, it seems that this is the appropriate time for a reminder of the imminent increases.