The register of registrable controllers is a register that is maintained by the Companies House. This register contains information about individuals who have significant control over a company. If you are a business owner, it is important to understand how this register works and who needs to be listed on it.
What should I know about this?
Individuals who have significant control over a company are known as controllers. In order to be a controller, an individual must meet one of the following criteria:
– Own more than 25% of the shares in the company
– Hold more than 25% of the voting rights in the company
– Be a director of the company
– Be a member of the board of directors
If you meet any of these criteria, then you will need to be listed on the register of registrable controllers. The register is public information and can be accessed by anyone. It is important to note that there are some exceptions to this rule.
We hope this information has been useful to you.