SPV Services
Change in PSC & RLE
Companies registered in the UK must maintain accurate records of People with Significant Control (PSC) or Relevant Legal Entities (RLE). If there is a change in ownership or control, it is a legal requirement to update Companies House to reflect these modifications. Our service ensures all changes are recorded correctly.
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Why Do You Need a Change in PSC & RLE ?
Every UK company is required to maintain a PSC register, which identifies individuals or entities that have significant control over the business.
The Challenges of Not Updating PSC & RLE Information
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Non-Compliance with UK Regulations
Failing to update your PSC register can result in fines and legal action.
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Lack of Transparency and Business Risks
Outdated PSC records can affect relationships and regulatory status of your SPV.
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Delayed Transactions or Legal Disputes
Inaccurate records may cause delays in financing, sales, or restructuring.
The Solution: A Legally Compliant PSC & RLE Update Service
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Timely Submission to Companies House
We ensure that all changes are filed within the legal timeframe, preventing penalties.
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Accurate Documentation of Ownership Changes
Our team prepares the necessary statements and declarations to reflect new PSCs.
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Verification and Record-Keeping Support
We help maintain a clear and updated PSC register, aligining with UK regulations.
- Disclaimer: Companies must report changes within 14 days of a PSC modification to remain compliant with UK regulations. Change Your PSC & RLE Today!
Benefits of Our Change in PSC & RLE
Keeping your PSC register updated is not just a regulatory requirement. It also helps maintain financial credibility and business stability. Updating your PSC & RLE information keeps your company transparent and resolves regulatory issues.
Who Benefits from This Service?
Update Your PSC & RLE - at just £10 per PSC/RLE Change
If you have any other questions or need further information, don’t hesitate to contact us. We are here to help you!
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A Person with Significant Control (PSC) is an individual who holds substantial control over your company, such as owning more than 25% of the shares or voting rights. Registering PSCs is a legal requirement for UK companies to maintain transparency and ensure compliance.
To update your company’s PSC or Relevant Legal Entity (RLE) information, changes must be recorded in your PSC register within 14 days. You then have a further 14 days to submit the updated details to Companies House either online or by completing the appropriate paper forms (e.g., PSC04/PSC05).
Failing to report changes to PSC or RLE information can result in penalties or legal consequences, as it’s a criminal offence to withhold PSC details.
Yes, a Relevant Legal Entity (RLE) can also be listed as a PSC if it meets the criteria for control.
Changes must be reported within 14 days to Companies House, or your company could face penalties.
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