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People with Significant Control (PSC) – the new register at Companies House

22 Jul 2016

Companies have been firmly in the spotlight recently; clarity and openness are the new watchwords. So, following a proposal made by the UK at the G8 summit in 2013, on 6 April 2016, the law was changed to increase the transparency surrounding the ownership of companies.

Certain companies and LLPs must now keep a register of anyone who in effect controls that company; in other words, People with Significant Control (PSCs). It’s a criminal offence not to do so.

A PSC register must include the names, dates of birth and nationalities of the PSC – much like a ‘normal’ director. And, as from 30 June 2016, it has been the company’s duty to file the PSC register at Companies House, confirming that the information on it is correct. RIP Annual Returns; long live Confirmation Statements.

If you’re in doubt as to when to file your new confirmation statement, you can check with Companies House, using its website and following the links. It’s all free. This will also be the place to view a company’s PSC information once it’s been filed.

If you’re registering a new company, you’ll have to give your PSC as part of the process, so the PSC information will be publicly available pretty much straight away. It’s worth remembering though that, as with directors, home addresses and full dates of birth will not be publicly displayed.

If you need information on who qualifies as a person with significant control, please contact:

Further reading

  • Brighton Office

    1 Jubilee Street

    Brighton

    East Sussex

    BN1 1GE

  • Crawley Office

    Griffin House

    135 High Street

    Crawley

    West Sussex

    RH10 1DQ

  • Guildford Office

    Wonersh House

    The Guildway

    Old Portsmouth Road

    Guildford

    Surrey

    GU3 1LR

  • Horsham Office

    Ridgeland House

    15 Carfax

    Horsham

    West Sussex

    RH12 1DY

  • London Office

    6 New Street Square

    New Fetter Lane

    London

    EC4A 3BF

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