Person with Significant Control (PSC) Change Service UK. Update, Replace or Amend PSC with Full Compliance

Changes to a Person with Significant Control (PSC) must be handled carefully to ensure compliance with the Companies Act 2006 and the enhanced transparency requirements introduced by the Economic Crime and Corporate Transparency Act 2023.

In 2026, PSC filings are subject to stricter verification and reporting rules. With Coddan CPM, businesses benefit from a fully managed PSC compliance service, ensuring that all changes are accurately documented and reported to Companies House within the statutory deadlines.

Managing People with Significant Control (PSC) is no longer optional—it is a core legal requirement for every UK company.

If your company ownership or control changes, you must update your PSC register and notify Companies House promptly. Failure to do so can lead to penalties, compliance flags, and serious issues during investment or company sale.

Our ACSP-authorised service ensures your PSC filings are handled accurately, securely, and on time, in full compliance with the Companies Act 2006.

What Is a PSC and Why It Matters

A Person with Significant Control (PSC) is any individual or entity that exercises significant influence over a company. This typically includes anyone who:

• owns more than 25% of shares
• controls more than 25% of voting rights
• can appoint or remove directors
• exercises significant influence over company decisions

PSC information is publicly recorded to ensure transparency and protect the integrity of the UK business environment.

When You Must Update PSC Records

You are legally required to update your PSC register whenever control changes.

Appoint a New PSC
File PSC01 when a new individual or entity gains significant control.

Update PSC Details
File PSC04 when an existing PSC’s level of control or details change.

Remove or Cease a PSC
File PSC07 when an individual is no longer a PSC.

Strict 14-Day Deadline (2026 Rules)

PSC changes must be reported within 14 days of updating your internal records. Missing this deadline can result in:

• Companies House penalties
• compliance warnings or flags
• banking and investor concerns
• increased regulatory scrutiny

Why Use an ACSP Authorised Agent?

PSC filings are one of the most commonly mishandled compliance areas—especially during share transfers, buybacks, or restructuring.

Using an Authorised Corporate Service Provider (ACSP) like Coddan CPM ensures your filings meet all modern legal and identity verification requirements.

What Our PSC Filing Service Includes

Full Compliance Review
We assess your company structure to determine whether PSC thresholds have been triggered.

Accurate Form Preparation
We prepare and file the correct forms:

• PSC01 (appointment)
• PSC04 (change of details)
• PSC07 (cessation)

Identity Verification Alignment
We ensure filings comply with 2026 identity verification rules, including linking to the required personal verification code.

Integrated Compliance Support

We align PSC filings with:

• share allotments (SH01)
• share transfers (J30 / J10)
• share buybacks (SH03 / SH06)

Designed for Founders and Overseas Investors

Our service is tailored for:

• startup founders raising investment
• scaling companies restructuring ownership
• foreign investors managing UK companies
• businesses preparing for due diligence or exit

You focus on growth—we handle compliance.

The Risk of Getting PSC Filings Wrong

Many entrepreneurs underestimate PSC compliance.

Common mistakes include:

• delaying updates until the Confirmation Statement
• miscalculating ownership percentages
• failing to recognise indirect control
• missing the 14-day filing deadline

The consequences:

• non-compliance flags at Companies House
• investor due diligence issues
• delays in funding or transactions
• potential legal exposure for directors

Objection Handling: Why Not Do It Yourself?

“It’s just updating company details”
PSC filings require precise legal classification of control and timing. Errors can create compliance gaps.

“I’ll update it later with my annual filing”
PSC updates must be filed within 14 days—not annually.

“My accountant can handle it”
Many accountants do not manage real-time PSC compliance alongside identity verification requirements, which are now mandatory.

Why Choose Coddan CPM

As an ACSP-authorised provider, Coddan offers:

• verified and compliant filings
• deep expertise in UK corporate law
• support for UK and international clients
• secure handling of sensitive ownership data

We simplify complex compliance so you can operate with confidence.

Start Your PSC Filing Today

If your company ownership has changed, your PSC records must be updated immediately. Our expert team will ensure your filings are:

• accurate
• compliant
• submitted on time

Contact us today to update your PSC records and avoid costly compliance risks.

What Is a Person with Significant Control (PSC)?

A Person with Significant Control is an individual or legal entity that exercises significant influence or control over a UK company. A person typically qualifies as a PSC if they:

• Hold more than 25% of the company’s shares
• Hold more than 25% of voting rights
• Have the right to appoint or remove the majority of directors
• Exercise significant influence or control over the company

UK companies must maintain a Register of People with Significant Control and notify Companies House whenever PSC details change.

PSC Compliance Requirements in 2026

Under modern UK transparency rules, PSC reporting now includes additional safeguards and verification requirements. Key compliance requirements include:

• Identity verification for new PSCs
• Updating the company’s internal PSC register
• Reporting PSC changes to Companies House within 14 days
• Ensuring PSC details remain accurate and up to date

Failure to comply may result in Companies House flags, filing restrictions, or regulatory penalties.

How Coddan CPM Manages PSC Changes

Coddan’s compliance platform is built to handle the full legal sequence required for PSC changes, ensuring companies meet all statutory requirements.

New PSCs must complete identity verification before or at the time of appointment.

• Secure digital ID verification links
• Biometric identity checks
• Generation of the mandatory 11-character personal verification code

This verification ensures the PSC filing meets Companies House verification standards.

The 14-Day Compliance Window

Companies must notify Companies House of PSC changes within 14 days of updating the internal PSC register.

• PSC changes are recorded internally first
• Notifications are submitted within the statutory reporting window
• Companies avoid “material inconsistency” warnings

Maintaining Historical Accuracy

Many businesses mistakenly update Companies House before updating their internal records.

• Updating the Internal Register of PSCs
• Preparing the correct filing forms
• Maintaining accurate historical records

This ensures the public filing remains legally valid.

Replacing a PSC: Full Compliance Support

When a PSC is replaced (for example during a share transfer or investment round), multiple filings may be required. Coddan manages the entire process, including:

• ✔ PSC01 – Add an individual PSC
• ✔ PSC07 – Cessation of PSC
• ✔ PSC01 – Appointment of a New PSC
• ✔ PSC04 – Amendment of PSC Details

The platform also assists with selecting the correct Nature of Control, such as:

• Ownership of 25–50% of shares
• Ownership of more than 50% of shares
• Rights to appoint or remove directors

PSC Privacy Protection: Service Address Option

For privacy protection, Coddan provides a PSC Service Address facility.

This allows PSCs to use a professional London service address instead of their residential address on the public register.

• Enhanced privacy protection
• Reduced risk of identity fraud
• Secure public record management

Only authorised authorities can access the PSC’s residential address.

What Is Included in the PSC Change Service?

Coddan CPM’s managed PSC compliance service includes:

• ✔ Drafting of PSC confirmation notices
• ✔ Preparation of board minutes approving the change
• ✔ Filing of PSC01, PSC04, or PSC07 forms
• ✔ Updating the Register of People with Significant Control
• ✔ Electronic filing with Companies House

This ensures that your company remains fully compliant with UK transparency regulations.

Why Businesses Choose Coddan CPM

Companies choose Coddan CPM because we provide:

• Specialist Companies House compliance services
• Secure identity verification processes
• Fast electronic PSC filings
• Accurate statutory register management
• Professional corporate governance support

Our managed service removes complexity and ensures your company meets all PSC reporting obligations.

Update Your PSC Records with Confidence

If your company needs to add, amend, or replace a Person with Significant Control, it is essential that the process is handled correctly.

With Coddan CPM’s expert PSC compliance service, you can ensure your filings are accurate, timely, and fully compliant with UK company law.

Maintain transparent company ownership records and avoid regulatory issues by managing PSC changes professionally.

Managing a Person with Significant Control (PSC) change is no longer a simple Companies House filing. Under the strengthened transparency framework introduced by the Economic Crime and Corporate Transparency Act 2023, PSC updates must now meet strict identity verification, timing, and record-keeping requirements.

At Coddan CPM, we provide a fully managed PSC filing and verification service designed specifically for law firms, accountants, corporate service providers, and regulated advisers who require reliable, audit-ready compliance.

Our platform operates as an Authorised Corporate Service Provider (ACSP) , enabling us to complete identity verification and PSC filings directly with Companies House.

High-Intent PSC Compliance Services

Our service is designed for businesses and professional intermediaries searching for:

• PSC change filing service UK
• replace person with significant control
• PSC01 PSC04 PSC07 filing service
• update PSC Companies House
• PSC compliance service UK

We manage the entire legal process, ensuring your client or company remains compliant with the Companies Act 2006 and the latest transparency regulations.

Fully Managed PSC Change Process

Unlike automated filing tools, Coddan manages the complete compliance workflow required to change or replace a PSC.

Identity Verification (Mandatory 2026 Requirement)
Every new PSC must complete identity verification before their appointment.

• ✔ Secure digital identity verification (IDV)
• ✔ Biometric face-match authentication
• ✔ Generation of the 11-character PSC verification code required by Companies House

This ensures your PSC filing is legally valid and not rejected due to missing verification.

The 14-Day Compliance Deadline

Companies must notify Companies House within 14 days after updating their internal PSC register.

• Internal PSC registers are updated first
• Filing deadlines are tracked automatically
• Notifications are submitted within the statutory timeframe

This avoids “material inconsistency” warnings or compliance flags.

Internal Register Compliance

Many filings fail because businesses update Companies House before updating their internal Register of PSCs.

• ✔ Internal PSC register updates
• ✔ Corporate documentation alignment
• ✔ Accurate historical ownership records

This step is legally required but often overlooked by founders and filing bots.

PSC Replacement & Ownership Changes

When a company replaces one PSC with another—typically after a share transfer, restructuring, or investment round—multiple filings may be required.

• ✔ PSC07 – Notice of PSC cessation
• ✔ PSC01 – New PSC appointment
• ✔ PSC04 – Amend PSC details

We also perform a Nature of Control review to ensure the correct classification, including:

• Ownership of more than 25% but less than 50% of shares
• Ownership of more than 50% of shares
• Rights to appoint or remove directors

Correct classification is critical to ensure the PSC disclosure remains legally accurate.

PSC Privacy Protection – London Service Address

Coddan offers a PSC service address solution allowing individuals to use a professional London address on the public register.

• ✔ Protection of residential address privacy
• ✔ Reduced risk of identity fraud
• ✔ Compliance with Companies House disclosure rules

Residential addresses remain visible only to authorised authorities.

What’s Included in the Service

Our PSC compliance service UK includes:

• ✔ PSC01 / PSC04 / PSC07 filing preparation
• ✔ Identity verification (ACSP compliant)
• ✔ Board minutes documenting the change
• ✔ PSC notification notices
• ✔ Updated Register of People with Significant Control
• ✔ Secure electronic filing with Companies House

All documentation is prepared to professional corporate secretarial standards.

Trusted by Legal & Corporate Professionals

• Law firms
• Accountancy practices
• Corporate service providers
• Company formation agents
• Professional trustees

Our systems are designed to meet the expectations of regulated professionals requiring audit-ready compliance.

Why Professional PSC Management Matters

• Companies House filing rejections
• Ownership transparency flags
• Compliance investigations
• Investor due-diligence failures

Professional PSC management ensures your ownership disclosures remain accurate and defensible.

• Add a new Person with Significant Control
• Amend PSC details
• Remove or replace an existing PSC

Coddan CPM provides a secure, fully managed PSC compliance service trusted by corporate professionals.

Ensure your Companies House records remain accurate, verified, and fully compliant with UK law.

Start your PSC change filing today with Coddan CPM.

Coddan Case Studies. Person with Significant Control (PSC) Changes & Compliance. Case Study 1. Resolving a PSC Replacement During a Venture Investment Round

Client
UK private company limited by shares preparing for a Series A investment.

The company was undergoing a funding round which introduced a new investor acquiring more than 30% of the issued share capital, triggering Person with Significant Control (PSC) status.

The founders attempted to update the public record themselves through Companies House, but encountered several issues:

• The investor had not completed identity verification
• The company had not updated its internal Register of PSCs
• Incorrect PSC classification was selected

These errors risked creating ownership transparency inconsistencies.

Coddan CPM implemented a structured PSC compliance sequence:

1. Verified the investor through ACSP identity verification
2. Generated the mandatory 11-character PSC verification code
3. Updated the internal Register of PSCs
4. Filed PSC07 (cessation) for the outgoing PSC
5. Filed PSC01 (new PSC appointment)

• ✔ Successful PSC replacement recorded within the statutory 14-day reporting window
• ✔ Investor passed legal due-diligence checks
• ✔ Clean ownership structure for investment completion

Case Study 2. Correcting PSC Records for a Company Limited by Guarantee

Client
A private company limited by guarantee operating as a membership organisation.

The organisation had multiple members with equal voting control, but its PSC register had never been updated after governance changes. An internal audit revealed:

• The PSC register was outdated
• No nature of control statement existed
• Companies House filings were inconsistent

Under the Companies Act 2006, this exposed directors to compliance risk.

Coddan conducted a PSC compliance review covering:

• Member voting rights
• Governance structure
• Board appointment powers

After the review:

1. The correct PSC classification was determined
2. Missing internal PSC register entries were added
3. PSC04 amendment filings were submitted

• ✔ Governance structure correctly reflected on the public register
• ✔ Full PSC transparency achieved
• ✔ Organisation passed regulatory governance review

Case Study 3. Resolving PSC Ownership Conflicts in an Unlimited Company

Client
A UK unlimited company undergoing internal restructuring.

The company had multiple historic share transfers that had never triggered PSC updates. During a bank compliance review the company discovered:

• Ownership thresholds exceeded 25% PSC limits
• Several PSC changes had never been reported
• The PSC register was missing key historical entries

This created a risk of regulatory scrutiny under the Economic Crime and Corporate Transparency Act 2023.

Coddan conducted a full ownership transparency audit.

Key actions included:

• Reconstruction of historic shareholdings
• Identification of PSC threshold triggers
• Correction of internal PSC registers
• Filing historic PSC changes

Forms filed included:

1. PSC01 – new PSC appointment
2. PSC04 – amendment to PSC details

• ✔ Accurate ownership history restored
• ✔ Company records aligned with Companies House
• ✔ Bank compliance approval secured

Case Study 4. PSC Change After a Co-operative Governance Restructure

Client
A UK co-operative society transitioning to a new board governance structure.

Following a governance restructure:

• New board members gained significant voting rights
• The co-op structure meant control was exercised through membership voting

However, the organisation had not determined whether the changes triggered PSC status under UK transparency rules.

Coddan performed a control rights analysis, reviewing:

• Voting thresholds
• Member governance rules
• Director appointment rights

The review confirmed that two members gained significant influence over company decisions. Coddan then:

1. Verified both members through ACSP identity verification
2. Created compliant PSC register entries
3. Filed PSC01 appointments

• ✔ PSC transparency maintained
• ✔ Governance changes correctly documented
• ✔ Co-operative remained compliant with UK reporting rules

Case Study 5. Emergency PSC Replacement Following Shareholder Exit

Client
A technology startup structured as a private company limited by shares.

A major shareholder holding over 50% of voting rights exited the business unexpectedly. The company urgently needed to:

• Remove the existing PSC
• Register the new majority shareholder
• Meet the 14-day reporting requirement

Failure to update the PSC register could trigger a material inconsistency alert at Companies House.

Coddan executed a rapid PSC replacement process:

1. Completed identity verification for the new PSC
2. Updated the internal Register of PSCs
3. Filed PSC07 (cessation) for the exiting shareholder
4. Filed PSC01 (new PSC) within the reporting deadline

• ✔ PSC change completed within statutory timeframe
• ✔ Company ownership records fully updated
• ✔ Startup avoided regulatory investigation

Why PSC Compliance Matters
Incorrect PSC reporting can result in:

• Companies House compliance flags
• Regulatory investigations
• Delays in investment due diligence
• Ownership transparency disputes

Professional PSC management ensures accurate corporate ownership disclosure.

Case Study 6. PSC Compliance Failure After Company Formation

Client
A newly incorporated private company limited by shares.

Following company formation, the founders assumed that the shareholders listed on the incorporation documents automatically satisfied PSC reporting requirements. However, during an investor due-diligence review the company discovered:

• No Register of People with Significant Control had been created
• PSC entries had not been filed with Companies House
• Share ownership exceeded PSC control thresholds

Coddan CPM implemented a PSC recovery process:

1. Created the company’s internal PSC register
2. Verified the identity of the controlling shareholders
3. Filed PSC01 notices for each qualifying PSC

• ✔ PSC register established correctly
• ✔ Public filings aligned with internal records
• ✔ Investor due-diligence successfully completed

Case Study 7. Identity Verification for International PSC Appointment

Client
A foreign investor acquiring 35% ownership in a UK technology company.

The investor became a Person with Significant Control, but could not complete verification through the automated Companies House system. Without verification:

• The PSC filing would be rejected
• The company could be flagged for ownership transparency inconsistencies

Coddan used its Authorised Corporate Service Provider (ACSP) status to complete:

• Secure identity verification
• Generation of the required 11-character PSC personal code
• Filing of PSC01 notification

• ✔ International investor successfully registered as PSC
• ✔ Verification completed within compliance deadlines
• ✔ Company maintained accurate ownership records

Case Study 8. Cross-Border Ownership Structure PSC Disclosure

Client
A UK holding company owned by a European parent corporation.

The company struggled to determine who qualified as the ultimate Person with Significant Control. Complexities included:

• Multiple intermediate holding companies
• Cross-border ownership layers
• Indirect voting control exceeding 25% thresholds

Coddan performed a control structure analysis, tracing the chain of ownership. The process identified:

• The ultimate beneficial owner exercising significant influence
• Required PSC disclosure details

Coddan then:

• Updated the internal PSC register
• Filed the appropriate PSC notification

• ✔ Accurate identification of the controlling individual
• ✔ Cross-border ownership correctly disclosed
• ✔ Compliance maintained with UK transparency rules

Case Study 9. PSC Update After Corporate Group Restructuring

Client
A corporate group restructuring its UK subsidiaries.

The restructuring transferred control of several subsidiaries to a new parent entity, which changed the PSC status of multiple companies. Issues identified:

• Existing PSC entries were no longer valid
• Group ownership changes were not reflected on the public register

Coddan coordinated PSC updates across multiple companies:

• Filed PSC07 notices removing former PSCs
• Filed PSC01 notifications for the new controlling entity
• Updated each company’s internal PSC register

• ✔ Corporate group ownership correctly recorded
• ✔ Companies House records aligned across subsidiaries
• ✔ Group restructuring completed without compliance risk

Case Study 10. PSC Change Triggered by Share Allotment (SH01 Filing)

Client
A startup issuing new shares to investors through a funding round.

Following the share allotment reported through Form SH01, one investor’s ownership exceeded 25% of the issued share capital, triggering PSC status. The founders were unaware that:

• A PSC filing must accompany the share allotment
• Identity verification was required for the investor

Coddan coordinated the compliance sequence:

1. Completed the SH01 share allotment filing
2. Verified the investor’s identity
3. Filed PSC01 to register the new PSC

• ✔ Share allotment correctly reflected in ownership records
• ✔ PSC reporting completed within the statutory timeframe
• ✔ Funding round documentation passed legal review

Case Study 11. PSC Record Correction After Historic Filing Errors

Client
A UK manufacturing company with historic PSC filing inconsistencies.

A compliance review revealed:

• Multiple PSC amendments were never reported
• Service address details were incorrect
• Public records did not match internal registers

Coddan conducted a PSC audit, then:

• Updated the internal PSC register
• Filed PSC04 amendments correcting PSC details
• Verified the identities of all controlling persons

• ✔ Public filings corrected
• ✔ Ownership records fully aligned
• ✔ Company passed regulatory compliance review

Case Study 12. PSC Disclosure After Founder Exit

Client
A startup where a founder holding 40% of shares resigned and sold their stake.

The share transfer triggered:

• PSC cessation
• New ownership control exceeding PSC thresholds

Without proper filings the company risked:

• Ownership transparency violations
• Incorrect PSC disclosure

Coddan handled the entire ownership transition:

• Filed PSC07 cessation notice
• Verified the new controlling shareholder
• Filed PSC01 new PSC notification

• ✔ Accurate PSC disclosure after ownership change
• ✔ Shareholder transition completed compliantly
• ✔ Company maintained regulatory transparency

Case Study 13. PSC Compliance for a Co-operative Governance Structure

Client
A UK co-operative organisation with member-based governance.

Following a governance review, two members gained significant influence over board appointments, potentially triggering PSC disclosure.

However, the organisation had never assessed control through voting influence.

Coddan evaluated:

• Member voting rights
• Board appointment authority
• Governance structure

Two individuals were confirmed as PSCs due to significant influence and control. Coddan completed:

• Identity verification
• PSC register updates
• Companies House PSC filings

• ✔ Governance transparency ensured
• ✔ Co-operative structure compliant with PSC rules

Case Study 14. PSC Verification During Bank Compliance Review

Client
A UK consultancy undergoing a bank anti-money-laundering review.

The bank identified:

• PSC verification was missing
• Ownership details required confirmation

Without verification the company risked account restrictions.

Coddan performed:

• ACSP identity verification for all PSCs
• Updated PSC register entries
• Filed amendments with Companies House

• ✔ Ownership verification accepted by the bank
• ✔ AML compliance achieved
• ✔ Business operations continued uninterrupted

Case Study 15. PSC Compliance During Private Equity Investment

Client
A growth company receiving private equity investment.

The investment created:

• Multiple new shareholders
• Complex voting rights agreements

This altered PSC control thresholds.

Coddan mapped the new ownership structure and determined:

• Which investors met PSC thresholds
• The correct nature of control disclosures

Coddan then completed:

• PSC register updates
• PSC filings for new controlling investors

• ✔ Ownership transparency maintained
• ✔ Investment completed without regulatory delays

How to Amend Your Company’s PSC Information Effectively

Keeping your People with Significant Control (PSC) information accurate is a legal requirement for all UK companies. Any changes to ownership, voting rights, or control must be promptly updated and reported to Companies House.

Coddan provides a fast, compliant, and fully managed service to help you update and amend your PSC information correctly, ensuring your company remains transparent and legally compliant.

What Is PSC (People with Significant Control)?

A PSC is an individual or entity that has significant influence or control over a company. This typically includes anyone 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
• Exercises significant influence or control

Companies are legally required to maintain a PSC register and keep it up to date.

If your PSC changes are part of a broader ownership or governance update, you should also review
Change of Control and Corporate Restructuring, where shifts in control must be properly recorded across multiple filings.

When Do You Need to Update PSC Information?

You must update your PSC register and notify Companies House when:

• Shares are issued or transferred
• Ownership percentages change
• A new person gains significant control
• An existing PSC ceases to meet the criteria
• Voting rights or control structures change

Failing to update PSC information can result in penalties and compliance risks.

Step-by-Step: How to Amend PSC Information

1. Identify the Change
   Determine how ownership or control has changed.
2. Update the PSC Register
   Record the updated information in your company’s internal register.
3. Notify Companies House
   Submit the relevant PSC forms or updates promptly.
4. Maintain Accurate Records
   Ensure all supporting documentation reflects the change.



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PSC Updates and Related Company Filings

Changes to PSC status are often triggered by other company actions. To ensure full compliance, you may also need to manage the following filings:

Share Allotment
If new shares are issued and ownership changes:
Form SH01 Explained: Allotment of Shares Made Easy

Share Capital Restructuring
If your company adjusts its capital structure:
Form SH02 – Change of Share Capital Expert Filing Service

Share Transfers
If ownership changes between shareholders:
Form J30 the Stock Transfer: Fast and Simple Submission J30 Form
Form J10 the Stock Transfer: Quick and Easy Submission J10 Form

Share Buybacks
If the company purchases its own shares:
e-Filing the Form SH03 (Return of Purchase of Own Shares)

Director Appointments
If control changes through board-level influence:
Why Choose Coddan for Electronically Filing Form AP01?
e-Filing Form AP01: Discover Seamless Solutions for Appointing New Directors
Steps to Appoint a Corporate Director in the UK Using Form AP02

Director Removal
If control shifts due to leadership changes:
How to Terminate a Limited Company Director Effectively (via Form TM01)
How to Simplify Director Removal (Form TM01) for Your Business

Managing these filings together ensures your PSC information remains consistent with your company’s actual control structure.

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Common Mistakes to Avoid

Businesses often encounter issues when:

• PSC changes are not identified correctly
• Ownership thresholds are miscalculated
• Updates are not filed within required timeframes
• Related filings are completed without updating PSC



Coddan helps you avoid these risks by ensuring your PSC records are accurate and fully aligned with your company structure.

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Why Choose Coddan for PSC Updates?

• ✔ Full Compliance Support
  We ensure your PSC information meets all legal requirements.
• ✔ Fast and Accurate Filing
  We handle updates efficiently to avoid delays or penalties.
• ✔ Expert Guidance
  Our team helps you identify when PSC changes occur.
• ✔ Integrated Company Services
  We align PSC updates with all related filings and restructuring actions.



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Keep Your PSC Records Accurate and Compliant

Ensure your company’s ownership and control information is always up to date with Coddan’s expert support.

• ✔ Accurate PSC updates
• ✔ Fast processing
• ✔ Full compliance



Start your PSC update today and maintain complete transparency in your company records.

File Form SH06 – Notice of Cancellation of Shares. Avoid Rejection, PSC Errors & Compliance Risks in 2026

Cancelling shares in a UK company is not just a routine update—it is a high-risk compliance event.

In 2026, under the Economic Crime and Corporate Transparency Act 2023, filing Form SH06 (Notice of Cancellation of Shares) has become a critical legal step that directly impacts your company’s ownership structure, PSC register, and public records at Companies House.

Mistakes in SH06 filings are now one of the leading causes of:

• rejected submissions
• incorrect share capital records
• PSC compliance breaches
• investor due diligence failures



Our ACSP-authorised service ensures your SH06 is filed correctly—first time.

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Why SH06 Is No Longer a “Simple Form”

Many providers still treat SH06 as a clerical update.

In reality, cancelling shares triggers multiple legal and reporting obligations that must be handled together.

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1. Share Cancellation Triggers a PSC Update

When shares are cancelled, ownership percentages change automatically.

Example
If 50% of shares are cancelled:

• a shareholder with 20% may now hold 40%
• this can move them into a new Person with Significant Control (PSC) category



2026 Legal Requirement
Any change in PSC status must be reported within 14 days using the appropriate PSC forms.

The Risk
If you file SH06 but fail to update PSC records:

• your company becomes non-compliant
• Companies House may flag your filing
• banks and investors may question ownership accuracy



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2. Mandatory Identity Verification (ACSP Requirement)

All filings must now be linked to a verified individual or authorised agent.

What This Means

• SH06 must be submitted by an ACSP (Authorised Corporate Service Provider) or
• a verified individual with a valid 11-character Personal Code



The Risk
Using an unverified provider can result in:

• rejection of the filing
• removal of the record after submission
• inconsistencies in your company’s public data



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3. SH06 Is Not a “Catch-All” Form

Many companies misuse SH06 for different types of share changes.

The Legal Distinction

• SH06 → cancellation following a share buyback (private companies)
• SH07 → cancellation for PLC capital reduction requirements



The Risk
Using the wrong form can result in:

• an invalid share cancellation
• unlawful reduction of capital
• director liability under UK company law



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4. Statement of Capital Must Be Exact

Section 4 of SH06 requires a fully updated Statement of Capital.

The Common Error
Simply subtracting shares from the previous total.

The 2026 Reality
Companies House systems now validate:

• aggregate nominal value
• share class consistency
• exact capital calculations



Even minor rounding errors (especially with fractional share values) can trigger automatic rejection.

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The “Strike-Off” Risk Most Directors Miss

Companies House now actively checks for inconsistencies across filings.

If your SH06 contradicts:

• previous SH01 filings, or
• your latest Confirmation Statement (CS01)



You may receive a Notice of Inconsistency.

The Consequence
Failure to resolve the issue within 28 days can lead to:

• compliance escalation
• potential company strike-off proceedings



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Stay Compliant with Companies House Using an ACSP Authorised Agent

Managing People with Significant Control (PSC) is no longer a routine admin task—it is a core legal obligation under UK company law.

If your company ownership changes, you must update the PSC register and notify Companies House using the correct forms. Failure to do so can result in penalties, compliance flags, and serious issues during investor due diligence.

Our ACSP-authorised service ensures your PSC filings are completed accurately, on time, and fully compliant with the Companies Act 2006 and modern transparency rules.

What Is a PSC and Why It Matters

A Person with Significant Control (PSC) is any individual or entity that holds significant influence over a company. This typically includes anyone who:

• owns more than 25% of shares
• holds more than 25% of voting rights
• has the ability to appoint or remove directors
• exercises significant control over the company



PSC information is publicly recorded to ensure transparency and prevent misuse of corporate structures.

When You Must File PSC Forms

You must update Companies House whenever there is a change in control. This includes:

Appointing a New PSC
Use PSC01 when a new individual becomes a PSC.

Updating PSC Details
Use PSC04 when an existing PSC’s control level or details change.

Removing or Ceasing a PSC
Use PSC07 when an individual is no longer a PSC.

Strict Deadlines Apply (2026 Compliance)

PSC changes must typically be reported within 14 days of updating your internal register. Delays can lead to:

• Companies House penalties
• compliance warnings
• issues with banks and investors
• increased scrutiny under transparency rules



Why Founders and Investors Use an ACSP for PSC Filings

Handling PSC filings incorrectly is one of the most common compliance failures in UK companies.

Using an Authorised Corporate Service Provider (ACSP) like Coddan CPM ensures your filings meet all modern requirements.

What Our PSC Service Includes. Accurate Form Preparation
We prepare PSC01, PSC04, or PSC07 based on your specific situation.

Identity Verification Compliance
We ensure filings are linked to valid identity verification requirements, including the 11-character personal code where applicable.

Ownership & Control Review
We assess whether your share changes trigger PSC thresholds (e.g., crossing 25%, 50%, or 75%).

Full Compliance Support
We align PSC filings with:

• share transfers (J30 / J10)
• share allotments (SH01)
• share buybacks (SH03 / SH06)



Built for Startups and Overseas Clients

Our PSC filing service is designed for:

• startup founders raising investment
• companies restructuring ownership
• foreign investors managing UK entities
• businesses preparing for due diligence or sale



You don’t need to understand every legal detail—we manage the process for you.

The Hidden Risks of Incorrect PSC Filings

Many companies assume PSC updates can wait until the annual Confirmation Statement. This is incorrect. If PSC filings are missed or incorrect:

• your company may be flagged as non-compliant
• filings can be rejected or queried
• investors may identify ownership inconsistencies
• deals can fail during due diligence



Objection Handling: Why Not Do It Yourself?

“It’s just updating ownership details”
PSC filings require precise legal classification of control thresholds and timing. Errors can create compliance gaps.

“I’ll wait until my next Confirmation Statement”
PSC changes must be reported within 14 days—not annually.

“My accountant can handle it”
Many accountants do not manage real-time PSC compliance alongside Companies House identity verification requirements.

Why Choose Coddan CPM

As an ACSP-authorised provider, Coddan offers:

• compliant, verified filings
• experience with UK and international clients
• secure handling of sensitive ownership data
• up-to-date knowledge of 2026 regulatory changes



We help you stay compliant without slowing down your business.

Start Your PSC Filing Today

If your company ownership has changed, your PSC records must be updated immediately. Our expert team will ensure your filings are:

• accurate
• compliant
• submitted on time



Contact us today to update your PSC records and avoid compliance risks.

Compliance and Risk Management
Directors ensure filings, records, and legal obligations are properly handled.

This may include appointing qualified directors when needed. For example:

• If you need a UK-based director for an online business:
  Assign a Local Director for the UK for the Businesses of eBay, Amazon, TikTok, and Etsy
• If appointing a resident director through a regulated provider:
  How to Appoint a UK Resident Director Effectively via ACSP Provider
• To understand the benefits of resident director services:
  How UK Resident Director Services Benefit Non-Residents