Company buy back of shares!
A UK company can purchase its own shares back from the shareholders. This may be done as part of a re-structuring process or as a tax efficient way of buying the shares of an existing shareholder. The existing shareholders may not want to purchase shares from the departing shareholder. Remember – a company must maintain at least one shareholder in place.
We can assist with the preparation of the correct paperwork for the company and the filing of required documents at Companies House. We are not able to advise on the tax implications so please speak to an accountant or tax adviser before instructing is to make changes to a company’s share structure.