2 min read
What a nominee arrangement is
A nominee director is named at Companies House but acts on behalf of someone else, who holds the real control. This is legal in itself, but lenders — bound by KYC and AML rules — must identify the persons of significant control, not just the paper director.
What the lender needs
Clear disclosure of the beneficial owners, ID for them, and the PSC register at Companies House matching reality. Any structure that obscures who benefits will slow or stop an application. Straightforward disclosure resolves it.
Applying
Have PSC details and ID ready for the real controllers. Then apply online. Credicorp takes no personal guarantee.
Frequently asked questions
Is a nominee director legal?
Yes, in itself. But lenders must still identify the beneficial owners under anti-money-laundering rules, so full transparency is required to proceed.
Who signs the loan if there's a nominee?
An authorised director signs on the company's behalf. The lender will still verify the persons of significant control behind the company as part of its checks.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.