Mar 1, 2018
James Dyson attacks private company disclosure rules
James Dyson has slammed UK rules that force privately owned companies to file accounts that can be viewed by the public, describing them as "Anti-competitive" and handing an advantage to overseas rivals. Sir James, one of Britain's most prominent business figures, said he wanted a "Level playing field" with companies elsewhere, adding that his appeals to the government had fallen on deaf ears. Under Companies House rules, large private companies are also required to identify their beneficial owners, shareholders and directors. The comments from Sir James came as Dyson, the domestic appliance brand he has built over the past 25 years, revealed strong financial results for 2017 fuelled largely by Asian demand for its products, which include cordless cleaners, hairdryers and air purifiers. Sir James said the company was talking with "a few governments" about the location for its car factory.
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