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Friday, 01 July 2016 05:33

People with Significant Control Companies House register goes live

The People with Significant Control (PSC) register at Companies House is now live – the register includes information about the individuals who own or control companies including their name, month and year of birth, nationality, and details of their interest in the company.

From 30 June 2016, UK companies (except listed companies) and limited liability partnerships (LLPs) need to declare the information when issuing their annual confirmation statement to Companies House.

A person of significant control is someone that holds more than 25% of shares or voting rights in a company, has the right to appoint or remove the majority of the board of directors or otherwise exercises significant influence or control. This information will form a central public register of people with significant control, which is free to access.

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