A person with significant control (PSC) is someone who has significant ownership and/or control of a company. They are sometimes called “beneficial owners”. A PSC is anyone who:
- owns more than 25% of the company’s shares.
- holds more than 25% of the company’s voting rights.
- holds the right to appoint or remove the majority of directors.
- holds the right to exercise, or actually exercises, significant influence or control.
- holds the right to exercise, or actually exercises, significant control over a trust or company that meets at least one of the first four conditions above.
Companies must identify their PSCs and tell Companies House who they are. If you ultimately control more than 25% of the company or you are a shareholder with more than 25% of the company’s shares then you are a Person with Significant Control (PSC).