Meaning
Statutory notifications submitted to Companies House in the United Kingdom provide a formal record of new shares issued by a private or public limited company. A form sh01 contains the number of shares, their nominal value and the specific rights attached to that class of equity. It serves as the primary evidence for the public record that a capital increase has been completed.
Statement of Capital
Information regarding the total number of shares and the aggregate nominal value across all classes must be updated in this filing. The form sh01 captures the amount paid or unpaid on each share, including any share premium. This snapshot allows investors to verify the dilution resulting from a recent investment round.
Filing Deadline
Companies must submit the document within one month of the allotment date to remain compliant with the Companies Act 2006. Failure to file can lead to fines for the directors and administrative complications during future due diligence. The registrar does not accept the form if it contains inconsistencies with previously filed share data.
Legal Standing
Registration of the allotment does not create the shares but confirms the action taken by the board of directors. Actual ownership is determined by the entry in the register of members rather than this public filing. It acts as a transparency tool for creditors and prospective buyers of the business.
