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                                        REDUCTION OF SHARE CAPITAL SERVICE

                                        Our Reduction of Share Capital Service is suitable for public and private companies incorporated in the United Kingdom.

                                        What does our package include?

                                        1

                                        A review of the company's Articles of Association and any Shareholders Agreement in relation to the planned reduction.

                                        2

                                        Advice on your proposed course of action.

                                        3

                                        A Solvency Statement or court application (as applicable).

                                        4

                                        A Directors' statement of compliance (if required).

                                        5

                                        Directors and shareholders' resolutions as required.

                                        6

                                        Filings at Companies House.

                                        7

                                        Update company registers, new share certificates as required.

                                        Reduction of Share Capital Service
                                        From £895    ( £1,074.00 including VAT)
                                        Please contact us for a fixed quotation.

                                        NOTE: Private companies can now reduce their share capital without court approval. This greatly simplifies the procedure and reduces the cost of implementation.
                                        The court will not register a reduction by a public company where the reduction brings the nominal value of the share capital below the authorised minimum for public companies (£50,000), unless the public company first re-registers as a private company

                                        Private companies limited by shares can reduce their share capital by special resolution:

                                        • supported by a directors' Solvency Statement; or
                                        • confirmed by the court.

                                        Public companies can only reduce their share capital by special resolution confirmed by the court.

                                        The reduction itself can be effected in any way. For example, a company may:

                                        • cancel paid-up share capital that is lost or unrepresented by available assets;
                                        • release the shareholders' liability to pay-up share capital; or
                                        • repay paid-up share capital in excess of the company's needs.


                                        Read our Reduction of Share Capital Guide

                                        Click here

                                        What is a reduction of share capital?

                                        Find out here

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                                        © 2019 Legal Clarity Limited: Corporate & Commercial Legal Services - Company Formation - Company Secretarial Registered in England and Wales (number 6452925) and authorised and regulated by the Solicitors Regulation Authority (SRA number 573589). 1st Floor, Charles House, 148-149 Gt Charles Street, Birmingham, B3 3HT. Tel: 08456 800 727. VAT registration number 925709016.

                                                          
                                                          

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