← Lessons 02-Business and Company Law
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Law of Contract Sole Traders Partnerships Limited Liability Partnerships — LLP Limited Companies Public Limited Company — PLC Private Limited Company Company Formation & Registration Certificate of Incorporation Private Company → Public Company Company Registers Company Accounts Share Capital Directors Company Secretary Auditors Annual General Meetings — AGM Proxies Company Reports People with Significant Control — PSC Winding Up / Liquidation Liquidator's Duties Bankruptcy ⭐ Key Exam Numbers to Remember

People with Significant Control — PSC

Companies and LLPs must identify and record people who own or control the organisation.

PSC Register

  • Must be maintained in addition to:
    • Register of directors.
    • Register of members/shareholders.
  • PSC information must be filed with Companies House.
  • Information includes:
    • Name.
    • Date of birth.
    • Nationality.
    • Details of the person's interest.

A PSC is an individual who:

  • Owns more than 25% of the company's shares.
  • Holds more than 25% of voting rights.
  • Has the right to appoint or remove the majority of directors.