Issue of Shares Service.

An issue of shares is the process of creating and allotting new shares in a company. It allows businesses to raise capital, bring in new investors, or adjust ownership among existing shareholders. Every share issue must be reported to Companies House using Form SH01 (Return of Allotment of Shares), which records the number, type, and value of shares issued. 

Issuing shares is more than just increasing share capital; it also requires updating statutory registers, notifying shareholders, and ensuring compliance with UK company law. Filing the SH01 form correctly and on time keeps your company records transparent and avoids penalties.

What is the Issue of Shares Process?

Xact+ Accountants manages the entire share issue process from board approval to Companies House filing.The process starts with a board resolution confirming the number of shares, share class, price per share, and the shareholder receiving the allotment. Xact+ Accountants reviews your articles of association first to confirm the directors hold authority to issue new shares. Form SH01 is then prepared accurately, your statutory register of members updated, and the filing submitted electronically to Companies House within one month of the allotment date. Filing confirmation and your updated share register are sent directly to you once Companies House accepts the SH01.

How the Issue of Shares Works

Issuing shares in a UK limited company follows a specific legal process. Xact+ Accountants manages every step from board approval to Companies House registration.

• Confirm Authority to Issue Shares Before any shares are issued, Xact+ Accountants reviews your company’s articles of association to confirm the board holds authority to allot new shares. If shareholder approval is required, Xact+ Accountants prepares the necessary resolution before proceeding.
• Board Resolution Passed Directors pass a board resolution authorising the share issue. The resolution confirms the number of shares, share class, price per share, and the shareholder receiving the allotment. Xact+ Accountants prepares this resolution accurately.
• New Shareholder Details Confirmed Xact+ Accountants collects all required information for the new shareholder full name, address, number of shares allotted, share class, and amount paid. Every detail is verified before SH01 preparation begins.
• SH01 Form Prepared Xact+ Accountants prepares form SH01 the return of allotment of shares accurately and completely. Every field is checked before submission to eliminate rejection risk at Companies House.