In a UK company, there are two key figures that appear in the official register: directors and PSCs (Persons with Significant Control). Understanding the difference is important for managing your Ltd correctly.
What is a director?
A director is the person legally responsible for the management of the company and for fulfilling its obligations (filing accounts, paying taxes, etc.). Every Ltd needs at least one director. Directors are registered publicly at Companies House with their name, nationality, month and year of birth, and a contact address.
What is a PSC?
A PSC (Person with Significant Control) is someone who has significant control over the company. Generally, a person is considered a PSC if they meet one or more of these criteria:
- Owns more than 25% of the company shares
- Holds more than 25% of voting rights
- Has the right to appoint or remove the majority of directors
- Exercises significant influence or control by other means
Can one person be both a director and a PSC?
Yes, and this is the most common situation in single-founder companies. If you set up your company on your own, you will typically be both the sole director and the sole PSC.
Where can I see this information?
In the My Company section of your dashboard you can view all registered directors and PSCs, with their details as they appear at Companies House.
How do I change a director or a PSC?
Any change in directors or PSCs must be notified to Companies House within the legal timeframes. Contact Aiden via a support ticket and we will manage the modification with the register.