From 18 November 2025, every company director, member of a limited liability partnership (LLP) and person with significant control (PSC) will need to verify their identity under new rules introduced by the Economic Crime and Corporate Transparency Act.

This is one of the most significant changes to company administration in recent years. The rules are designed to increase transparency and protect businesses from fraud, but they also introduce new responsibilities for directors. New directors and PSCs must verify their identity before they can be appointed or when a company is incorporated. Existing directors and PSCs will need to complete verification before filing their next confirmation statement after 18 November 2025. Once verified, individuals will receive a unique personal code, which will be required for all future filings.

If verification is not completed, companies may be unable to file confirmation statements or other statutory documents. Individuals could be prevented from acting as a director or PSC until verification is complete. Key transactions such as sales, restructures or appointments could be delayed and failure to comply may result in administrative penalties.

Corporate & Commercial Partner, Greg Gardner-Boyes commented “These changes are designed to provide protection against fraud and directors should take the time now to understand their responsibilities and review internal processes to ensure they can continue to act without disruption and remain fully compliant.”

For further guidance, directors can find more information on the official GOV.UK website.