Published by Global Banking & Finance Review®
Posted on February 20, 2025
2 min readLast updated: January 26, 2026
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Nigel Farage relinquishes control of Reform UK to its members, aiming for a democratic structure as the party leads in opinion polls.
LONDON (Reuters) - Brexit campaigner Nigel Farage has given up formal control of his Reform UK political party, which is currently leading in opinion polls, as he seeks to professionalise the structure to help him win the next general election.
Reform has been registered as a private company, with Farage running it since 2018 as the majority shareholder, an arrangement that gave him unusual amount of control for a British political party.
On Wednesday, Farage and Richard Tice, the deputy party leader, gave up their more than 90% shareholding in Reform UK Party Limited, according to filings with Companies House, the UK corporate register, reviewed by Reuters.
The party will now be controlled by a renamed entity called REFORM 2025 LTD, the filings show, and Reform will eventually be controlled by its more than 200,000 members.
"We are pleased to announce that, as promised, Nigel Farage has handed over ownership of Reform UK to its members," party Chairman Zia Yusuf said in a statement. He said Reform UK was now a non-profit organisation, with no shareholders.
Earlier this month, Reform overtook Britain's governing Labour Party to become the country's most popular political party in a major opinion poll for the first time, reflecting growing unhappiness with Prime Minister Keir Starmer seven months into his premiership.
(Reporting by Andrew MacAskill; Editing by Kate Holton)
Nigel Farage has given up control of Reform UK to make the party more democratic and align with its members.
To professionalize the party's structure and help win the next general election.
Reform UK is now controlled by its members under a non-profit organization.
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