Nominee Shareholders

Nominee Shareholders

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Hi All

Can anyone tell me if shares in a company are held by a nominee (limited company)
does the beneficial owner have to be disclosed in the company accounts or the annual return?

If so, is there a percentage threshold, where disclosure applies?

Thanks for your replies.

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By sb34300
27th May 2013 09:08

Accounts yes

As far as I'm aware, yes, you have to disclose the beneficial ownership in the notes to the full accounts, but not the annual return. 

If the company qualifies to file abbreviated accounts then of course the UBO is not shown in the notes to the abbreviated accounts, and so remains confidential on the public record. 

I believe there is an exemption that the Directors can claim under confidentiality, but you'd have to check the Companies Act 2006 for that...

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