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Companies House Has Flagged a New PSC After a Share Allotment or Transfer: Which Dates Do I Enter and When Is the Personal Code Due?

James Collett
  • Updated

A new person now has significant control after a share allotment or transfer. Which dates do I enter, and when is their personal code due?

If a share allotment or transfer has given someone significant control of the company (for example, they now hold more than 25% of the shares), they need to be recorded as a PSC. This applies even if Companies House has pointed it out to you after the event.

Which dates should I enter?

Use the date the person actually gained significant control, normally the date of the share allotment or transfer. Do not use the date of your confirmation statement or the date of any email or letter from Companies House.

  1. Go to the PSCs tab and select Add new PSC/RLE. See How Do I Add a New PSC?
  2. Enter that control date as the date the PSC was first identified.
  3. If the individual has confirmed their details, enter the same date as the date the PSC confirmed their details. Keeping the two dates the same avoids Companies House seeing a period when the change was known but not confirmed, which would need separate statements.

When is their personal code due?

A new PSC can include their personal code when they are added, or submit it within 14 days of being added. The 14 days run from the date the PSC is added to the company record in Inform Direct, not from the earlier (backdated) date they gained control. See How to automate submitting personal codes for existing PSCs (VS01).

What about the existing PSC whose control has been diluted?

If the new PSC's shares reduce an existing PSC's holding, update the existing PSC's nature of control with the same date. For example, a holding that has gone from "75% or more" to "more than 25% but not more than 50%". Click the pencil next to them on the PSCs tab and choose Edit PSC details, then confirm the change. See How Do I Confirm a PSC?

Do I need to correct an earlier confirmation statement?

Backdating a PSC does not by itself mean an earlier confirmation statement needs correcting, because PSC details are not reported on confirmation statements. Shareholder changes are different: if the share allotment or transfer was missed from the confirmation statement for the period in which it happened, that statement may need attention. See Backdating Changes in Inform Direct.

This is general guidance, not legal advice. Please confirm your company's position with a solicitor.

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