If you own or run a limited company or limited liability partnership, chances are you’re a person with significant control (PSC) – or know someone who is. Read on to find out more about PSCs and why they’re important.
A PSC is someone who owns or controls a company. They’re sometimes referred to as beneficial owners. Generally speaking, they are anyone who:
- has more than 25% of shares or voting rights in a company
- can appoint or remove a majority of directors
- can influence or control the company
A company may have one PSC or several. No matter how many there are, Companies House needs to know their identities and be informed if there are any changes.
PSCs also need to verify their identities for Companies House under new rules that were introduced in November 2025. Read more about the ID verification rules here.
If there are any changes to PSC information, for example to their personal details or nature of control, Companies House must be told within 14 of the change being confirmed.
Why PSC accuracy matters
For lenders, having up-to-date and accurate PSC information helps to answer fundamental questions about a business and its governance:
- Who ultimately controls the business?
- Are ownership and governance transparent?
- Are risks properly disclosed?
Up‑to‑date PSC records can support confidence, credibility and smoother funding decisions — while inaccuracies can delay or derail applications altogether.
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