Issue new shares
When a company issues new shares it files form SH01 at Companies House within one month, with a statement of capital. There is no government fee. Fileyear adds the new shares to the ones the company already has, works out the statement of capital and files it.
- Prepared for you, checked by you
- Pay only when you’ve checked it
- Not HMRC or Companies House
How it works, start to finish
- The change happensA resignation, a new director, a move
- Fileyear prepares SH01Checked against the register
- You submitWithin one month of the allotment
- Register updatedUsually within a day
What’s included
Fileyear does
- Form SH01, filled in and checked
- The statement of capital, worked out
- A board minute for your records
You do
- Say how many shares and what was paid
- Press submit
How it works
Enter the new shares
How many, which class, what was paid.
Check the totals
We work out the statement of capital.
Submit
Within a month of the allotment.
The rules
| Rule | Detail |
|---|---|
| Form | SH01 with a statement of capital |
| Deadline | Within one month of the allotment |
| Price | Not less than the nominal value of each share |
| Government fee | None |
Questions directors ask
Do the shareholders need to approve it?
Not usually, for a private company with one class of shares: the directors can allot more of that class (section 550) unless the articles say otherwise. Otherwise they need the shareholders’ authority (section 551).
What is a statement of capital?
The company’s shares after the allotment: each class, how many there are, their total nominal value and anything unpaid. Fileyear adds the new shares to the ones the company already had.
What if the shares were not paid for in cash?
Say what was given instead, for example a loan written off or an asset. It goes on the form.
Related filings
Issue new shares, prepared for you
Enter your company and Fileyear prepares it. You only pay once you’ve checked it.