One person can hold one or more positions at your company.
Your company must have at least one director. Directors are legally responsible for running the company and making sure company accounts and reports are properly prepared.
A director must be 16 or over and not be disqualified from being a director of another company. Directors don’t have to live in the UK. Directors’ names and addresses are publicly available from Companies House.
A limited company must have at least one shareholder. A director can also be a shareholder and hold both positions.
Any person who owns more than 25% of the company is a person with significant control (PSC). You must tick the PSC box if one or more of the following conditions are met.
Owns more than 25% of the company’s share
Holds more than 25% of the company’s voting rights
Holds the right to appoint or remove the majority of directors
Has the right to, or actually exercises significant influence or control
If a trust or firm (and not an individual) is forming this new company and if the trust or firm satisfies any one of the above-mentioned condition, then the PSC of the trust or firm should be listed as a PSC in this new company.
It is not mandatory to appoint a company secretary for a private limited company. Some companies use them to take on some of the director’s responsibilities.