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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 £690    ( £828.00 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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