Jordans Jordans Limited

Reduction of share capital

The Companies Act 2006 allows a private company to reduce its issued share capital by special resolution if the directors are able to confirm that the company will remain solvent - ie able to pay its debts - for a year after the reduction.


Under this new procedure there is no need to obtain a Court Order confirming the reduction and creditors have no right of objection.


However, it is not possible to reduce the capital so as to leave the company with no share capital or with only redeemable shares in issue. A company can also carry out a reduction of capital procedure under section 645 of the Companies Act 2006 (requiring the reduction to be confirmed by Court Order) if it so chooses.


Contact us to discuss your requirementst

Our service includes:

  • Obtaining the current constitution and company information from the public file
  • Providing all necessary minutes, resolutions and statements
  • Checking and filing all necessary documents with Companies House
  • Providing detailed guidance notes on procedures and consequential matters

     

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      Fees: £500.00 + VAT  

Why use Jordans for reduction of share capital?

  • Expert guidance to help you through this new procedure

  • Comprehensive, reliable service

Everything we do is underpinned by:

The best service

Jordans' people - image

We are committed to providing a first-class service and enjoy a reputation for quality and reliability.

Jordans people


Jordans experienced team is on hand to support you. Contact us for more information.

Our expertise


Efficient, knowledgeable and approachable.

Speak to an expert

Karina James-Wiltshire

(0117) 918 1394

Karina James-Wiltshire

Adam Wadsley

(0117) 918 1339

Adam Wadsley
Jordans services to support Company secretaries:

Corporate outsourcing


Company secretarial recruitment


Companies Act 2006 minisite

Jordans Limited, Bristol: London: 020 7400 3333 email:customerservices@jordans.co.uk