A person with significant control holds more than 25% of a company's shares or voting rights, or otherwise exercises control over it.
The PSC register is public and is one of the main transparency measures in UK company law. Where control sits behind a holding company or a trust, the chain has to be worked through to the people at the end of it. Filing it incorrectly is a criminal offence rather than an administrative slip.
Related terms
- Shareholder — A shareholder owns shares in a company, which carry defined rights: typically to vote, to receive dividends, and to share in capital on a winding up.
- Identity verification — Identity verification is the legal requirement for directors and people with significant control to prove who they are, directly or through an authorised provider.
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Statutory rules, then the Companies House register. Free, and no email required.
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