This article details the information required during the process of establishing a company in Company Formations
Requirements
Company Name: Ensure a unique and appropriate name for your company. See Sensitive Company Names for guidance.
SIC Codes: Provide the Standard Industrial Classification (SIC) codes relevant to your business activities. These can be found on Companies House website here. You can select up to 4 codes.
Registered Email Address: A valid email address for official correspondence.
Company/Member Addresses: Include all necessary addresses for the company and its members.
Directors and Shareholders: At least one Natural director (over 16 years old), one Shareholder, and the correct Persons with Significant Control (PSCs).
Director - is an individual appointed to oversee and manage the operations of a company.
Shareholder -is an individual or entity that owns shares in a company. By holding shares, shareholders essentially own a part of the company.
PSC -refers to an individual who holds considerable influence or control over a company. Specifically, a PSC can be someone who:
Owns more than 25% of the company's shares.
Holds more than 25% of the company's voting rights.
Has the power to appoint or remove the majority of the board of directors.
Exercises significant influence or control over the company or a trust or firm that meets one of the above conditions.
PSC's are required to be registered and disclosed to ensure transparency in the ownership and control of companies
