Key Takeaways
- Companies House Form PSC07 is the required document for removing a Person with Significant Control (PSC) from your company records with Companies House.
- Filing PSC07 promptly is a legal obligation under the Companies Act 2006. Delays or mistakes can result in penalties and public notice of non-compliance.
- If you fail to submit PSC07 on time or make errors, your company and its directors may face fines and reputational risk.
- Every change in significant control—whether by share sale, resignation, or company restructure—demands an immediate update to your PSC register and a timely PSC07 filing.
- You must accurately record the specific event and date that ended a person or entity’s significant control before filing Form PSC07.
- Completing PSC07 precisely is crucial; errors or omissions can lead to Companies House rejections or invalidate the change.
- Filing can be done online or by post, but using Go-Legal AI’s intuitive guidance ensures accuracy and avoids common mistakes.
- Go-Legal AI is trusted by over 170 UK businesses, with an Excellent rating on Trustpilot.
- Our platform protects users from the typical pitfalls of PSC filings, keeps you compliant, and ensures records remain up to date.
- Choosing Go-Legal AI for PSC07 filings gives you affordable, expert-backed solutions trusted by startups and SMEs UK-wide.
When and How to File Companies House Form PSC07 to Remove a Person with Significant Control
Changes to company control can create confusion—especially when a founder, investor, or parent entity stops being a Person with Significant Control (PSC). Missing a required Companies House PSC07 filing or completing it incorrectly exposes your business to legal and financial risk. For startups and SMEs, even minor errors can result in penalties, public disclosure, and wasted resources.
You’re legally required by the Companies Act 2006 to update Companies House when a PSC leaves or loses qualifying control, using Form PSC07 within 14 days of the event. In this guide, you’ll discover exactly when to file PSC07, what you’ll need, and how to avoid the common pitfalls. By following these practical steps, you protect your company, maintain good governance, and stay on the right side of the law.
Our automated platform at Go-Legal AI streamlines the PSC07 process, providing step-by-step guidance so you can file swiftly and accurately. Simplify compliance, reduce stress, and get your records updated fast.
What Is Companies House Form PSC07 and When Must You File It?
Companies House Form PSC07 is the statutory notice used to inform Companies House that a person, a relevant legal entity (RLE), or another registrable person (ORP) has ceased to exercise significant control over a UK company. This obligation sits at the core of the UK’s transparency regime, ensuring company ownership and control information is public and accurate.
Significant control can end in several ways: a shareholder might fall below the 25% ownership threshold, a director with special powers might resign, or a parent company might restructure. If any of these changes take place, directors must file PSC07 within 14 days.
Who Qualifies as a Person with Significant Control (PSC) and What Triggers Form PSC07?
A Person with Significant Control (PSC) is an individual or entity with substantial influence over a company, as defined by the Companies Act 2006. This usually means:
- Holding more than 25% of shares.
- Owning more than 25% of voting rights.
- Possessing the power to appoint or remove most of the board.
- Exerting significant influence or control in other ways (such as contractual rights).
PSC status also applies to:
- Relevant Legal Entities (RLEs): Companies or entities controlling your business and required to keep a PSC register themselves.
- Other Registrable Persons (ORPs): Less common, but covers certain legal persons not in the first two categories.
Filing PSC07 becomes mandatory when:
- A share sale or transfer reduces a person’s holding or rights below the PSC threshold.
- Issuing new shares dilutes an individual’s or entity’s influence.
- Special rights or veto powers are altered or removed.
- Parent companies restructure or dispose of their controlling interests.
What Information Do You Need to Complete PSC07 to Remove a PSC?
Filing Form PSC07 successfully means providing specific, accurate company and ex-PSC details. Prepare the following before you start:
- Your full company name and registration number.
- The departing PSC’s (or RLE’s/ORP’s) full name or entity details, precisely as previously registered.
- The date they stopped meeting the PSC criteria.
- The nature of their former control: shareholding, voting, directorship, veto rights, etc.
- The name and position of the authorising person (director or secretary).
- Your Companies House authentication code for online filings.
- Supporting documentation (such as board resolutions or share transfer forms)—required for your records, not submission, but must be produced during an audit.
- Valid contact information for Companies House to reach you if clarification is needed.
Make sure all details, especially dates and nature of control, are exact and supported by internal evidence.
Step-by-Step Guide: How to File Companies House Form PSC07 Online or by Post
Filing PSC07 becomes straightforward with a clear sequence. Here’s your step-by-step guide:
- Prepare Details and Documents
- Gather complete company and ex-PSC details.
- Verify events and dates align across the PSC register and supporting documents.
- Choose Filing Method
- Online: Use Companies House WebFiling for faster responses; prepare your authentication code.
- By Post: Download PSC07 from the Companies House website, fill by hand, and post to the Cardiff office.
- Complete the Form Accurately
- Enter the correct and complete information—avoid abbreviations or conflicting details.
- Authorise and Sign
- Only company directors or secretaries can authorise the submission.
- Online: Submit digitally with your code.
- By post: Add signature and date.
- Submit
- Online: Get immediate confirmation by email—save this for your compliance records.
- By post: Use recorded delivery to avoid lost forms.
- Update Your Internal PSC Register
- Record the cessation on the same day, mirroring the Companies House update.
- Retain an Audit Trail
- Save copies of your submission confirmation and linked documentation in your compliance files.
- Monitor Public Records
- Check the Companies House register within a week to confirm the update is publicly shown.
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Key Details and Common Mistakes to Avoid When Submitting PSC07
| Common Pitfall | What It Means | How to Avoid It |
|---|---|---|
| Incorrect date of ceasing control | Filing does not match the actual event | Double-check all dates with supporting documents |
| Missing supporting information | Evidence of cessation is incomplete | Prepare all paperwork before starting the filing |
| Using the wrong form | Filing with PSC01 or PSC09 by mistake | Confirm you are using PSC07 specifically for cessation |
| Not updating PSC register | Company’s internal record out of date | Update your internal register promptly alongside filing |
Errors lead to rejections and non-compliance notices, and potentially to penalties:
- Reconcile share sales, board minutes, and PSC registers before filing.
- Never use PSC07 for any purpose besides removing a PSC.
- Update internal records and store all evidence immediately.
- Keep all email confirmations, posted receipts, and internal paperwork.
What Happens If You Miss the PSC07 Companies House Deadline or File Incorrectly?
Missing the PSC07 deadline or making inaccurate filings can have serious legal and financial consequences for your company and its officers.
Consequences include:
- Financial penalties: Companies Act 2006 sets daily fines for ongoing non-compliance.
- Criminal liability: Both the company and responsible officers may be prosecuted.
- Public annotation: Your Companies House record may be publicly marked as non-compliant, affecting business trust.
- Personal director fines: Officers may be individually fined by the registrar.
If an error is discovered after submission:
- File an updated, corrected PSC07 without delay.
- Document your audit trail: keep all communication, filings, and company board notes.
- You may appeal a penalty if you can show reasonable steps taken and immediate correction.
Real-World Scenario: Completing PSC07 After a Change in Shareholding
Let’s see how this might unfold for a startup:
- Confirmed the exact transaction date using the share transfer form.
- Compiled the departing PSC’s full details and ensured the company registration matched all filings.
- Gathered supporting documents: share transfer forms, board minutes, and audit trail.
- Logged in to Companies House WebFiling and selected PSC07.
- Completed the form with precise, verified dates, double-checking all sections.
- Submitted PSC07 online and received confirmation.
- Updated the company’s PSC register on the same day and notified all company stakeholders.
By following this structure, BrightFoods Ltd stayed compliant, avoided penalties, and built trust with new investors.
How to Update Your PSC Register and Company Records After Filing PSC07
Statutory obligations do not end when PSC07 is filed. Maintain strong governance and legal compliance by promptly updating your PSC register and company records:
- Mark the removal on your statutory PSC register with:
- The departing PSC’s details.
- The date they ceased significant control.
- Supporting notes, such as board resolution references.
- Store all linked evidence—share transfer paperwork, emails, Companies House confirmation receipts—with your company books.
- Notify stakeholders (shareholders, auditors, or partners) that company records are current.
- Keep an audit trail covering every compliance step in the process.
Aim to complete all of the above on the same day you file with Companies House for maximum compliance and peace of mind.
How Go-Legal AI Simplifies Filing Companies House Form PSC07
Our platform removes the guesswork and admin from your PSC07 process:
- AI-guided template builders and workflows generate a tailored PSC07 for your company in seconds.
- Live compliance checks flag missing fields, date inconsistencies, or detail errors before submission.
- Automated reminders and deadline tracking ensure you never miss the critical 14-day window.
- Secure digital audit trails store every submission, confirmation, and supporting file for full legal defensibility.
- Easy Companies House integration: Direct online filing with instant confirmation, saving time and reducing manual mistakes.
With Go-Legal AI, you can automate every step and ensure your business stays protected—leaving more time for growth and less risk of costly compliance mistakes.
Frequently Asked Questions
Who is legally responsible for submitting Form PSC07 to Companies House?
Directors and company secretaries have the legal responsibility to ensure PSC07 is filed accurately and promptly for your company.
Can Form PSC07 be filed online as well as by post?
Yes, you can submit PSC07 using the online Companies House portal or by sending a paper form by post. Most companies find online filing simpler and receive immediate confirmation.
How soon after ceasing PSC status must I file PSC07?
PSC07 must be filed within 14 days of the PSC ceasing control. Delays expose the company to penalties and enforcement.
What are the penalties for incorrect or late filing?
You may face daily financial penalties, public non-compliance marks, and prosecution of responsible officers under the Companies Act 2006.
Do I need confirmation from the former PSC before filing PSC07?
No, but you should notify them and always retain evidence supporting the cessation event for your audit trail.
Can I remove multiple PSCs with one form?
No. Submit a separate PSC07 for each person or entity being removed.
What if I spot an error after submission?
File a corrected PSC07 straight away and maintain records of your correction and all communication with Companies House.
Are there costs associated with PSC07?
Companies House files PSC07 for free, though using expert support or paid platforms may incur a separate charge.
How do RLE and ORP differ on the PSC07?
Both can be removed using PSC07. Make sure you select the correct section for the type of person or entity being removed.
Can Go-Legal AI assist with other Companies House filings and tracking deadlines?
Yes—our platform covers the full range of Companies House filings, automates deadline monitoring, and maintains an integrated compliance dashboard for your business.
Create Your Notice of Ceasing Person with Significant Control (PSC07) with Go-Legal AI Today
Don’t let corporate compliance disrupt your business growth. With our AI-powered PSC07 template builder, you can create, check, and file your Companies House Form PSC07 in minutes. Benefit from real-time field validation, automated reminders, and secure document storage—all optimised for UK company law.
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File Your Companies House Form PSC07 Quickly and Confidently with Go-Legal AI
Understanding how and when to use Form PSC07 is an essential part of keeping your company legally protected. Failing to file, filing late, or submitting incorrect information can put you and your company at risk of fines, criminal liability, and lasting reputation harm.
Relying on paper forms or one-size-fits-all templates opens the door to compliance gaps and costly errors. Go-Legal AI’s AI-powered PSC07 tool checks every detail, guides you through each step, and keeps a secure, audit-friendly record. Get the peace of mind of knowing your administrative filings are in expert hands—quickly, securely, and with no room for mistakes.
Start your free trial with Go-Legal AI and experience how intuitive, automated compliance can transform your business. Protect your records and reputation today.
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🏅 Backed by Innovate UK & Oxford
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