Rejected petition Cancel putting small business profit in the public domain from April 2027

From Apr 2027, Companies House intends to force small and micro businesses to publish their full profit and loss accounts online. This marks a significant and unnecessary intrusion into the financial privacy of hundreds of thousands of small businesses across the UK.

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Publishing profits is a breach of privacy, like sharing a personal payslip with the country.
It exposes owners to pricing pressure - customers could associate healthy profit with overcharging.
It exposes owners to loss of business in tough times - loss of confidence could lead customers to take business elsewhere.
Without context, figures are easily misread.
HMRC already has access to this data, public disclosure serves no benefit.
This policy harms, not helps, the UK's smallest businesses.

This petition was rejected

Why was this petition rejected?

There’s already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.

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You may wish to sign this petition which calls for a similar action: https://petition.parliament.uk/petitions/731571

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Date submitted 13 July 2025
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