Most PSCs 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
You should check your company’s register of members for information on shareholders and voting rights.
Your company’s constitution and articles of association may also contain information on voting and other rights associated with ownership of shares in the company.
Other significant influence or control
Your PSC might influence or control your company through other means. This could be directly, or on behalf of someone else.
For example, someone may influence or control the actions of directors or shareholders.
This condition will only apply in limited circumstances. The full PSC guidance has more information on the meaning of ‘significant influence or control’.
Please watch the following video from Companies House which explains this using examples: