Professional PSC Update Services for UK Companies — Complete Compliance, Zero Stress
Every UK company must maintain accurate and up-to-date information about its Persons with Significant Control. These individuals hold influence over the business through ownership, voting rights, or decision-making authority. The PSC register is not optional — it is a legal requirement enforced by Companies House and backed by statutory penalties.
Failing to update PSC information correctly can result in:
• financial penalties
• non-compliance warnings
• investigation risk
• complications during audits
• issues with banks or investors
• delays in corporate changes
• reputational damage
Many businesses underestimate the importance of PSC accuracy until a major event—such as a shareholder dispute, investment round, company valuation, or regulatory review—highlights gaps in their records.
At Audit Consulting Group (ACG), we provide a complete, end-to-end PSC update service designed to ensure your corporate records remain accurate, compliant, and fully verifiable. Whether you have new shareholders, updated ownership percentages, beneficial owners overseas, share structure changes, or corrections required after an internal review, we deliver precise, reliable support at every step.
Why PSC Updates Are Essential for Every UK Company
The PSC regime exists to promote transparency, prevent fraud, protect the financial system, and ensure clarity over who controls UK businesses.
PSC information must be updated when any change occurs, not just annually. This includes:
• new shareholders gaining significant control
• changes in share percentages
• changes in voting rights
• appointment or removal of controlling persons
• changes in control through agreements or rights
• restructuring or capital reallocation
• changes in PSC’s personal details
• transition of control to a trust or legal entity
Companies must notify Companies House within 14 days after updating their internal register and officially file changes within a further 14 days.
Accurate PSC updates ensure:
• transparent ownership structure
• smooth banking and investment processes
• reduced legal and compliance risk
• avoidance of penalties
• strong governance and recordkeeping
• readiness for corporate events such as funding, sale, or restructuring
What Our PSC Update Service Includes
1. Full Review of Current PSC Position
1. Full Review of Current PSC PositionWe begin with a complete review of your existing PSC entries, internal registers, shareholder data, and company structure. This helps identify inaccuracies, outdated entries, or gaps that may cause compliance issues. Many companies discover errors only when raising investment or undergoing a corporate review, so we help you resolve these before they become problems.
2. Verification of Shareholdings and Voting Rights
We analyse the true level of control each shareholder exercises. This goes beyond share percentages — UK law recognises other forms of control, including:
• rights to appoint/remove directors
• significant voting influence
• control through agreements
• indirect control through entities or trusts
We ensure that every PSC entry matches the legal definition and that no controlling party is omitted.
3. Preparation of Updated PSC Register Entries
Once verification is complete, we prepare updated register entries, covering:
• individual PSCs
• corporate PSCs (Relevant Legal Entities)
• joint control structures
• trusts, nominees, or holding arrangements
Our work ensures that your internal PSC register mirrors real-world control accurately.
4. Filing All PSC Changes With Companies House
We prepare and file:
• PSC01 — new PSC notifications
• PSC02 — changes to PSC details
• PSC07 — cessation of PSC
• PSC08 — change of nature of control
• PSC09 — updates for Relevant Legal Entities
Every filing is completed accurately and promptly to ensure full compliance.
5. Correction of Historic Errors and Missing Information
Many companies discover they have outdated PSC records due to:
• old filings never submitted
• changes overlooked during restructuring
• errors by previous accountants
• incomplete incorporation details
• failure to track beneficial ownership changes
We resolve and correct all historic gaps, ensuring your record is clear, compliant, and audit-ready.
6. Advisory on PSC Obligations and Complex Ownership Structures
PSC requirements can be complicated, especially when ownership involves:
• overseas parents
• multi-layer corporate structures
• nominee arrangements
• trusts or foundations
• venture capital investors
• multi-share class systems
Our team provides clear, practical advice to help you understand obligations and maintain accurate records.
7. Ongoing Monitoring and Compliance Support
For dynamic or fast-growing companies, control may shift often. We offer ongoing PSC monitoring to ensure any future change is captured, registered, and filed properly.
Who Can Be a PSC?
We help clients correctly identify PSCs based on UK law. A PSC is usually someone who:
• owns more than 25% of shares
• holds more than 25% of voting rights
• has the right to appoint or remove a majority of directors
• exerts significant influence or control
• controls a trust or firm that meets any PSC condition
Companies often misidentify influential individuals or miss indirect controllers—we ensure every PSC is recognised correctly.
Common Situations That Require PSC Updates
New shareholder acquires more than 25% of shares – A PSC change must be filed immediately.
Share dilution or capital restructure – PSC percentages may rise or fall, triggering updates.
Investor or venture capital involvement – Certain investor rights require PSC declaration even if shareholding is lower.
Share transfers between family members or partners – Even informal changes must be formally recorded.
Changes to PSC personal details – Name, address, nationality, or service address updates all require filing.
Director control changes – If rights shift from one director to another, PSC information may change.
Corporate or trust ownership adjustments – Relevant Legal Entities require correct PSC filings too.
Why Choose Audit Consulting Group
- Experienced UK compliance specialists
- Accurate, legally aligned PSC filings
- Fast turnaround times with urgent service available
- Support for simple to highly complex share structures
- Clear communication, simple explanations, no jargon
- Affordable fixed pricing
- Comprehensive corporate governance services
- Trusted by startups, SMEs, investors, and international businesses
ACG ensures confidence, clarity, and full legal compliance.
Case Studies
Case Study 1 — Startup Bringing In Angel Investors
A fast-growing tech startup issued new shares to several angel investors. PSC positions shifted but internal records were never updated.
We:
• analysed updated ownership breakdown
• identified new PSCs
• updated internal registers
• filed all PSC changes with Companies House
The company was then able to proceed with its funding round without delays.
Case Study 2 — Family Business With Complex Voting Rights
A family-owned company had unclear control distribution due to voting agreements and indirect influence through trusts.
We:
• reviewed its Articles and shareholder agreements
• mapped out actual control dynamics
• updated PSCs to match legal definitions
The business avoided compliance breaches and strengthened governance clarity.
Case Study 3 — Overseas Corporate Ownership
A UK company acquired by an overseas parent needed to register a Relevant Legal Entity (RLE).
We:
• verified ultimate beneficial ownership
• identified controlling individuals
• prepared RLE filings
• updated the full PSC register
The company achieved full compliance ahead of an external audit.
Contact Audit Consulting Group
Accurate PSC updates are essential for protecting your company, ensuring transparency, and maintaining full compliance with UK corporate law. Whether you need a simple update or extensive reconstruction of your PSC records, we are here to help.
Call us: +44 7386 212550
Email us: info@auditconsultinggroup.com
Request a consultation: Audit Consulting Group — Corporate Compliance Experts
