What is a person with significant control (PSC)?

A person with significant control (PSC) is someone who owns or controls a UK company — the people behind the business, as opposed to the directors who run it. The main tests are holding more than 25% of shares, more than 25% of voting rights, the right to appoint or remove most of the board, or otherwise exercising significant influence or control. Companies must keep a PSC register and report it to Companies House.