Actually, I find Duedil an extremely helpful service, and I think the increased transparency is a very positive thing.
If you start a business, you're not just a private person - you are the Director of a "legal person" who could be up to all sorts of stuff, including many bad things. You are entrusted with limited liability, lower taxes, and all sorts of other goodies, but there is a tradeoff.
The net effect of increased transparency is that it's much easier to tell when a business is dodgy. For example, Duedil allows me, when doing the due diligence on a possible client or supplier, to check the trading history of the owner. If, for example, I can see that the Director of that business has previously run 10 different businesses with similar names over the last 10 years, that might save me from a very, very costly mistake.
Transparency in the business world promotes trust. Trust is fundamentally necessary for a healthy business environment.
If you start a business, you're not just a private person - you are the Director of a "legal person" who could be up to all sorts of stuff, including many bad things. You are entrusted with limited liability, lower taxes, and all sorts of other goodies, but there is a tradeoff.
The net effect of increased transparency is that it's much easier to tell when a business is dodgy. For example, Duedil allows me, when doing the due diligence on a possible client or supplier, to check the trading history of the owner. If, for example, I can see that the Director of that business has previously run 10 different businesses with similar names over the last 10 years, that might save me from a very, very costly mistake.
Transparency in the business world promotes trust. Trust is fundamentally necessary for a healthy business environment.