What Is a Person with Significant Control?
Since April 2016, UK companies are required to maintain a register of Persons with Significant Control (PSCs) and report this information to Companies House. A PSC is someone who holds more than 25% of shares or voting rights, has the right to appoint or remove a majority of directors, or otherwise exercises significant influence or control.
Why Was the PSC Regime Introduced?
The PSC regime was introduced to increase corporate transparency and combat money laundering, tax evasion, and terrorist financing. The UK was one of the first countries to implement a public beneficial ownership register, ahead of EU-wide requirements under the 5th Anti-Money Laundering Directive.
Filing and Compliance
Companies must file their PSC information on their annual confirmation statement. Failure to maintain an accurate PSC register is a criminal offence, with penalties including fines and imprisonment for directors.
PSC Data on UVAGATRON
UVAGATRON integrates PSC data from Companies House covering over 7.3 million PSC records, enabling ownership chain analysis, network mapping, and beneficial ownership verification across the UK company register.