We were disappointed not to hold the annual Dawson Hart Easter Egg Hunt on Good Friday when we had hoped to raise lots of money for our Charity of the Year, the Sussex Support Service. However, with the introduction of lockdown for the whole country, it was...
Every UK company is required to identify the people who are 'persons with significant control' (PSCs). Essentially, PSCs are the people who own or have significant control over the company. Their details must be lodged with Companies House. Surprisingly, although the relevant requirement came in in June 2016, more than 57,000 British companies have not yet identified their beneficial owners.
If Companies House decides to enforce the requirement, the results could be dire for directors who fail to comply as it is an imprisonable offence.
The GOV.UK website provides information on how to identify the PSCs in your company.