Issue of Shares Service

£79.99

Buy Now

Issue of Shares

The issue of shares is essentially the process by which companies create new shares to pass onto shareholders, who may themselves be new or existing shareholders. Companies can issue shares to both individuals and corporate bodies.

Details of share issues will not be updated on the Companies House register until after the filing of the next confirmation statement. Clients wishing to record share issues now, should file a confirmation statement. If share issues are required to open a business bank account, we always recommend filing a confirmation statement.

We can prepare a confirmation statement as part of this order – at an additional cost of £55.99.

What is included in our price?

We will prepare the following documentation:

  • Letter of application for new shares
  • Board resolution
  • Meeting minutes
  • Return of Allotment of Shares (Form SH01)
  • Share certificates

How it works:

  • Click on the 'Buy Now' button.
  • Enter the required details and complete the application form.
  • Checkout and pay.
  • We will prepare Form SH01 and file it at Companies House online. We will also prepare all required documentation.
  • You will receive digital documents in 2-3 working days by email, including the application letter, board resolution, meeting minutes and share certificate(s).
  • The special resolution requires to be signed, and returned to our offices, for onward submission to Companies House.
  • If required we will file a confirmation statement to record the share transfer(s).

Full Company Secretary Service

£149.99 per year

A Confirmation Statement filing service is included FREE with our Full Company Secretary Service.

Read More

Frequently Asked Questions

How long does the issue of shares process take with your service?

Once we receive all necessary information, we will prepare and send you the required documentation for signing. When this has been completed, we will submit the form SH01 to Companies House to finish the issuance. The entire procedure normally takes 2-3 working days to complete.

What information do I need to provide for an issue of shares?

You will need to provide us with the following information:

  • Company name and registration number
  • Company authentication code
  • Details of the person(s) receiving the shares
  • Number and class of shares being issued
  • The amount that is being paid for the shares

Will I need to sign anything to complete the issuance?

Yes, the documentation we’ll provide you will require signatures from the relevant people, including the company’s directors, shareholders and the person(s) receiving the shares. Full instructions on how to sign the documents will be provided.

What’s the maximum number of shares my company can issue?

The law does not set a maximum limit on the number of shares. However, some companies do have limits set in their articles of association. The articles need to be checked carefully before proceeding with an issuance of shares.

Do my shares need to be paid for when they are issued?

In most companies, the shares will need to be fully paid for them to be issued. This means paying the nominal value and any premium (if applicable).

However, some companies do allow shares to be partly paid or unpaid at the point of issuance – the articles of association will need to be checked to see if this is permitted.

How do I report the share issue to Companies House?

The Return of Allotment of Shares (Form SH01) needs to be filed with Companies House to report that an issuance of shares has taken place. The drafting and submission of this form is included as part of our service.

Will Companies House show the holders of the new shares?

Yes, after the share issuance is reported and the next confirmation statement is filed, Companies House will update the public register to reflect the new shareholdings.

It is generally recommended to file a confirmation statement early to ensure the new shareholdings are reflected on the public profile quickly.

What happens if my company has multiple classes of shares with different rights?

If your company has multiple share classes, you will need to specify the class of shares being issued to ensure they receive the correct shares. You will also need to ensure you have the proper authority to issue shares in those classes.

Can this service be used even if I did not form my company with 1st Formations?

Yes, our Issue of Shares service is available to all UK companies, regardless of whether they were formed with 1st Formations.

Do I need to update my company’s Articles of Association to issue new shares?

No, you do not normally need to update your company’s articles of association to carry out an issue of shares.

This may only be required if there are restrictions in the articles or you are looking to issue a new class of shares.

Will this service help me update my People with Significant Control (PSC) information at Companies House?

If, as a result of your issuance of shares, your company’s PSC information needs to be updated at Companie House, we will be able to assist through a separate service.

How does issuing new shares affect my company's share capital?

Issuing new shares increases your company's share capital. As a result of the increase, the ownership percentage of existing shareholders may be diluted. It's important to consider this impact before proceeding with the issuance.

Needed to form a company Limited by shares and completed the process through 1st Formations. Everything completed online and had the company formed and registered on the same day, excellent service. Received printed material within 5 days and everything is now spot on and as requested, cheaper and just simply a very straightforward professional service by 1st Formations.
Dan McEvoy 1st Formations Customer
Trustpilot Logo