Companies House has issued updated draft guidance to assist
businesses to identify who really holds 'significant influence
or control' in a company for the purposes of the Register of
People with Significant Control.
What is a Person with Significant Control?
A Person with Significant Control (PSC), sometimes called a
'beneficial owner', is someone who owns or controls a
company. All England & Wales Companies are required to identify
their PSCs and inform Companies House who they are and which of
these conditions they meet. If a company cannot identify its
PSC(s), or does not have any, it must also inform Companies
House.
A company can have one or more PSCs. A PSC must meet one or more
conditions known as the 'nature of control', which
typically includes an individual or legal entity that:
