Abstract
This study presents a transformational analysis of corporate ownership and control in the UK. Using a sample of 643, UK listed non-financial companies and relying on data from the Office for National Statistics, this analysis revealed a declining ownership by major institutional domestic ownership coupled with an increase in foreign ownership. The study further found 42% of UK companies having multiple large shareholders and that about 40% of the sampled firms separated cash flow-rights from control-rights, confirming the presence of controlling block holders. This is contrary to the traditional understanding that UK ownership structure is dispersed. These findings are significant given the little attention in literature examining corporate ownership and control structures of corporations in the UK. Key words: Ownership structure, Institutional ownership, cash flow rights, control rights
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