Latest News
Companies House have posted the following announcement regarding PSC (Persons of Significant Control) notifications with all new incorporations
13 October 2021
”As of the morning of Thursday 21st October 2021, all incorporation applications for a private company limited by shares submitted through the XML Gateway will be validated for the inclusion of a PSC, if the company has a single person shareholder that holds 100% of the company’s shares.
If the private company limited by shares has a single person shareholder that holds 100% of the company’s shares, and no PSC is provided, then the submission will be rejected with the following message”.
You provided a single person shareholder with 100% of the company's shares, but indicated that the company has no PSC. The company must have a PSC in this case and their details must be provided. Any shareholder that holds more than 25% of the company's shares is considered to be a PSC.