PSC is an individual person who meets one or more of the following conditions:

  • Hold more than 25% of shares
  • Hold more than 25% of voting rights
  • Have the power to remove or appoint a majority of the company’s board of directors
  • Exercise or have the right to exercise significant influence or control over the company
  • Exercise or have the right to exercise significant influence or control over a trust or a firm that is not a legal entity, which itself satisfies any of the above conditions

In some cases, a corporate entity may meet the criteria of being a PSC.

Since 6 April 2016, all UK companies and Limited Liability Partnerships must keep a register of individuals or legal entities that have control over them.

Help and advice
We have tried to answer as many common questions as possible on these pages, but if you do require further assistance
or have any other questions then please give us a call on +44 (0) 20 7060 7326 and we will be happy to help.