If you own 100% of the shares in a company personally (and not on behalf of anyone else) it is quite simple to complete the PSC requirements.
1. Go to the PSCs tab and select ''Add new PSC/RLE.'
2. Select 'Known Individual' and then click, 'Next'.
3. Start to add your name. If Inform Direct will recognise the name (from existing details held for the company) and will offer the person as a PSC. Select 'Add PSC' opposite your name.
4. Add the date the PSC was first identified.
Note: This cannot be before 6 April 2016 or the company's date of incorporation.
5. Answer 'Yes' to the question: Has the individual confirmed they are a PSC? Then add the date the PSC confirmed the full required details and click 'Next.'
What are the full required details for a PSC?
6. Add/confirm the required personal details.
Note: Included here is a new PSC Service address requirement. Inform Direct will default to suggesting the Company's Registered Office. Change the PSC Service address to another location if required.
7. Enter your Significant Control Criteria.
Note: Since you own 100%, the answer to the first 3 questions will be all be 'Yes'.
You can only answer 'Yes' to Q4 if the answer to Q1, 2 and 3 are all 'No.' If the answer to any of Q1, 2 or 3 is 'Yes,' then the answer to Q4 defaults to 'No.'
When you answer 'Yes' to question 1 and 2 supplementary questions will appear requiring additional information.
8. Now you can view the details in the summary screen before submitting to Companies House. When you are happy, click 'Submit to Companies House.'
9. The details for the 100% shareholder will now show on the PSC Register as per the below.
