A share consolidation is where a set number of existing shares in a company (or share class) are consolidated into one share. The rights attached to the shares do not have to change, it is the number of shares and the nominal value of each share that alters.
One of the main reasons for doing a share consolidation is to tidy up the company’s share capital or reduce the number of shares received for a particular amount paid. For example if a company has 1,000,000 Ordinary shares of 1p each and the company has a value of just £1000 then the value per share may be seen as far too low. A consolidation of the shares at a rate of 1,000 for 1 would reduce the number of shares to 1000 and increase the nominal value and share price to a more realistic level.
Our service includes everything required to consolidate shares, all fully completed, compliant and delivered in hard copy and/or electronic copy (forms for Companies House must be filed in hard copy for a consolidation of shares), including:
- Completed forms for registration with Companies House
- Special Resolution,
- Appropriate minutes and notices
- New, replacement, numbered share certificates
- Complete set of updated company registers
It is also important that PSC (Person of Significant Control) details are kept up to date on the company registers and with Companies House. We will make sure that, if required, all PSC updates are completed and filed as part of our service.
This service can be combined with any other company secretarial jobs required. Please click below to purchase this service or to purchase this with any other secretarial service.
Our normal charge for a consolidation of shares is £125. All companies are different, so we will need to look at the complexity and history of the company to make sure that the service can be completed as efficiently as possible. Please click on our quick quote below and we will be in touch as soon as possible with a no-obligation quote.
|Consolidation of shares ||From Only £125.00 + VAT||Get a quote|