Register of People with Significant Control (PSC)

“ Creating greater transparency in the ownership and control of UK companies, to help in the fight against money laundering, whilst increasing trust in UK companies”

All UK private companies, including companies limited by guarantee, and UK LLPs have to keep a PSC register. Only companies that already disclose information about ownership of shares under the FCA’s Disclosure and Transparency Rules are exempt.

An officer of the company needs to:

  • Identify the people with significant control over the company and confirm their information;
  • Record the details of the PSC on the company’s own PSC register;
  • Provide this information to Companies House as part of the annual Confirmation Statement (formerly the Annual Return); and
  • Update the information on the company’s own PSC register when it changes, and update the information at Companies House when the next Confirmation Statement is made.

We will help you identify PSC’s, and record the details on a suitable register in an editable format so that you can comply with the duty to update the register.

Failing to provide accurate information on the PSC register is a criminal offence, and could result in a fine and, or a prison sentence of up to two years.

For a simple company structure, the investment is just £45 and should take no more than 15 minutes of your time. If you have a more complex structure then we are happy to provide the service at our standard consultancy rate.

Please get in touch to get started…