The process typically takes 1-2 days once the details are submitted. We file to Companies House instantly after you submit the cessation details, and approval is usually granted within 1 working day.
You will need to provide the cessation date for the PSC. This is the date when the PSC ceased to meet any of the criteria for significant control over the company. The PSC's existing details are already on file with Companies House, so you only need to specify when the cessation takes effect.
A PSC ceases to be a PSC when they no longer meet any of the criteria for significant control. This can happen when they sell shares reducing their ownership below 25%, transfer voting rights reducing their control below 25%, lose the right to appoint or remove directors, or otherwise lose their significant influence or control over the company.
Yes, a PSC cessation can happen with immediate effect. The cessation date can be today or any date in the past when the PSC actually ceased to meet the criteria. It's important to file the cessation promptly to keep your PSC register accurate.
Yes, the service includes filing the PSC07 (Cessation of a Person with Significant Control) form with Companies House. We handle the entire filing process on your behalf, ensuring all information is accurate and compliant with Companies House requirements.
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