Co- Accounting

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What is a Person of Significant Control (PSC)?

Companies House require companies to maintain a register of Directors, Shareholders and also Persons of Significant Control.

A Person of Significant Control are people who own or control a company whether directly or indirectly. They are defined as those meeting at least one of the following criteria:

  • more than 25% of shares in the company

  • more than 25% of voting rights in the company

  • the right to appoint or remove the majority of the board of directors

It is also possible for someone who does not meet the above criteria to be a PSC if they influence or control the company by other means.