A person with significant control is someone who owns or controls your company. They’re sometimes called ‘beneficial owners’.
You must identify your person with significant control and tell Companies House who they are. This might be you, or someone associated with your company. A company can have one or more of these people.
You must record your details on your company’s person with significant control register, and you’ll need to include this information when you incorporate your company.
A person of significant control are those who hold:
- 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