2 min read
What a PSC is
A person with significant control usually holds more than 25% of shares or voting rights, or otherwise controls the company. Companies must keep a PSC register and file it at Companies House.
Why lenders care
Confirming the real owner is a core part of anti-money-laundering and know-your-customer checks in underwriting. An accurate, up-to-date PSC record clears identity checks faster; a mismatch stalls the application.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Do I have to declare who controls my company?
Yes. Companies must identify and file details of any person with significant control, and keep the register current.
Why does a lender look at the PSC register?
To verify who really owns and controls the borrower, as part of anti-money-laundering and identity checks. Accurate data speeds the decision.
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