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01 August 2014 You are not logged in. Login now.

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About SFS

About SFSThese pages provide background information on Small Firms Services Limited. We hope that the content of these pages answer any questions you may have about our company. If you need to contact us do not hesitate to call one of the Service Team on 0800 328 7494. We are available during normal office hours to answer your questions and to explain more about who SFS are and how we can help your business.

You may also find our Information Centre of interest as it provides answers to some of the most popular questions we receive.

You can find information on our products and services by clicking on the services link on our menu.

How to increase your share capital

increase share capitalForm SH01 is used to inform Companies House that the share capital of a company has been increased. This form can be filed in paper version Form SH01 or online using companies House web filing service. To demonstrate this we have used an example of a company with standard ‘ordinary’ shares increasing its share capital.

Example company
A company has an issued share capital of £100 (100 x £1 shares already in existence). They have issued a further 900 shares to make the new total issued shares £1000 (1000 x £1 shares).

Completing form SH01 online.
When filing the SH01 form online there are two steps to follow.

Step 1. Increase the statement of capital to show the new total shareholdings for the company. Using the example above you need to show the following information-

Currency: GBP
Class of share: Ord or Ordinary
Number of shares: 1000
Amount paid up on each share: 1
Amount unpaid on each share: 0
(You will either declare that the hares are PAID on UNPAID)
Aggregate nominal value: 1000.00 (this is the new total nominal value of shares in issue)

In the box provided you enter the ‘rights’ attached to each share. This may be voting rights, dividend rights, participation etc. etc.
(This statement can vary and depends on your existing shares or the rights attached to new shares. Check with your company formation agent or accountant if you are unsure of the rights attached to the shares.)

Step 2. Add the allotment of new shares being issued. Using the example above you need to show the following information-

Currency: GBP
Class of share Ord or Ordinary
Number of shares allotted: 900
Nominal value of each share: 1
Amount paid (including share premium) 1
Amount unpaid (including share premium)
(You will either declare that the hares are PAID on UNPAID)
Details of non-cash consideration box (optional)
(This box is only used to declare a consideration that has been given for the shares that is not cash)

Dates allotted
Allotment period from:
Allotment period to (optional)

(this is the date the shares were issued and if applicable the date the allotment ceased. It is likely you will not enter a ‘to’ date as the shares will stay ‘in issue’ for the foreseeable future).

In Summary. You need to amend the statement of capital first to show the new share structure. Once done you complete the share allotment for the additional shares being issued.

Comment: Under The Companies Act 2006 there is no longer an authorised share capital consisting of shares that have not been issued. Companies now only have issued capital.