Reform UK Ltd is a registered company, unlike most other political parties, and was previously registered as the Brexit Party from 2018 to 2021. Companies House lists party leader Mr Farage, and deputy leader Richard Tice, as persons with significant control, with Mr Farage currently owning more than 50% of shares.
In a video posted to X, Mr Farage said: "I've now made a decision. I no longer need to control this party. I'm going to let go.
"We will change the structure of the party from one limited by shares to a company limited by guarantee, and that means it's the members of Reform that will own this party.
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