Companies House is allowing the public to have free access to statutory accounts in data format for the first time ever.
Companies House launched its Free Accounts Data product last week, which allows anyone to download accounts information free of charge in a ZIP file.
Data is only available on electronically filed accounts, and Companies House said the tool will “open up financial data on companies, increasing transparency and making data analysis more efficient.”
Companies House is part of the public data group and said it is committed to the UK’s 'open data' agenda.
The tool was developed with funding from the Public Sector Transparency Board.
A new file will be added daily over a five day period of Tuesday to Sunday and will only contain the accounts data registered on the previous day.
The data will be available in one of two formats - either inline iXBRL or XBRL format. Each file will be available to download for 60 calendar days, after which it will be removed, but remain available via the previous years’ monthly files.
AccountingWEB associate editor Jennifer Adams said...