What is an issue of shares?

An issue of shares refers to the process by which a company offers new shares to investors or existing shareholders, expanding its capital base. In the UK, this involves several steps to ensure compliance with Companies House regulations. The issuance typically begins with the company board’s decision to issue shares, followed by a resolution from the shareholders.

Issue of shares process

The process include:

Preparation: Drafting necessary documents and updating the company’s confirmation statement.

Approval: Getting approval from the existing shareholders.

Issuance: Officially issuing the shares and recording the details in the company’s register of members.

Filing: Submitting the relevant forms and documents to Companies House.

Bank Account: Depositing the funds received from the issuance into the company’s bank account.

Confirmation Statement: Updating the confirmation statement to reflect the new share structure.

Xact+ Accountants can expertly guide you through the entire process, ensuring all legal and financial requirements are seamlessly met, from the initial decision to the final filing with Companies House.

Our expertise simplifies the complexities of share issuance, making it a smooth and efficient process for your business.

Take advantage of our Issue of Shares Service for just £79.99.

How it works:

Select the ‘Order Now’ button, then fill out the application form with the necessary details and proceed to checkout for payment. Once completed, we’ll handle the preparation of Form SH01 and submit it to Companies House online, along with all required documentation.
Expect to receive digital documents via email within 1-2 working days, including the application letter, board resolution, meeting minutes, and share certificate(s).
You’ll need to sign the special resolution and return it to our team for further submission to Companies House. If required, we’ll also file a confirmation statement to document the share transfer(s) at additional cost.