Category Archives: Company Formation

What is a PSC for limited companies?

With UK limited companies there are two completely different answers to the question “what is a PSC for limited companies?” The two definitions of PSC you might encounter are: Personal Service Company – a company setup for one individual to get paid for a contract or agency work. Person with Significant Control – normally the […]

Unexpected Rise in EU Citizens starting businesses in the UK post Brexit

As a company formation agent we monitor trends in UK limited company formations. From our previous research we knew that around 11% of the directors of newly formed UK companies are EU citizens. We were therefore keen to discover what effect Brexit would have on UK company formations numbers. We were pretty sure that we […]

New UK Company Rules – Confirmation Statements

From today (30th June 2016) limited company Annual Returns are being replaced by Confirmation Statements. Previously all limited companies were required to file an Annual Return each year. Annual Returns were a separate requirement from the financial accounts. The Annual Return was a statement to Companies House to outline the current structure of the business […]

PSC Registers – What are the new company formation rules?

 What is PSC? There are a number of changes for UK limited companies being introduced today (30th June 2016). One of these is the introduction of person with significant influence or control (PSC) registers. A person with significant influence or control is an individual who: owns more than 25% of a company’s shares holds more […]