Add or Remove People From Your Company - An Overview
Understand how to change your company officers and share allocations.
Update your company officers and share allocations.
Keeping your company information up to date is a legal requirement. This includes updating company officers and share ownership when people join or leave your business. This guide explains what to do and how to do it.
How do I remove people from my company?
Firstly, it’s important to understand the role(s) the individual holds within the company. You can read our guide on the different company roles for more information here.
For example, if someone is a director, shareholder, and Person with Significant Control (PSC), they cannot be removed in a single step. Different actions are required depending on each role. This may include transferring shares, resigning as a director, and updating PSC records.
Common scenarios and required actions
|
Scenario |
Actions Required |
|---|---|
|
Director only |
|
|
Shareholder only |
|
|
PSC only |
Notify Companies House of the PSC cessation |
|
Company Secretary |
File termination of secretary with Companies House |
|
Director + Shareholder + PSC (and secretary) |
Appoint or resign as director and secretary, transfer shares, and notify Companies House of the PSC cessation |
Important
File a confirmation statement after making changes to shareholdings
If you have made changes to shareholdings, it is best practice to update Companies House of this change as soon as possible. While you can wait until your statutory confirmation statement is due, the best practice is to complete this filing as soon as the change is made.
The individual must agree to the change
The individual must usually agree to their removal and sign the necessary forms. If you are attempting to remove someone without their consent, you should seek legal advice, as this can involve complex legal procedures.