Our Reduction of Share Capital Service is suitable for public and private companies incorporated in the United Kingdom.
What does our package include?
Advice on your proposed course of action.
A Solvency Statement or court application (as applicable).
A Directors' statement of compliance (if required).
Directors and shareholders' resolutions as required.
Filings at Companies House.
Update company registers, new share certificates as required.
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.