Shareholding of a newly registered company

[Andy008]

I have recently incorporated a company at Companies House in Cardiff, mainly for name protection purposes at present.

The forms I sent to Companies House showed 1000 nominal shares as the amount issued as standard. As I understand it, if, for example �100k was invested in the company as seed capital, the shares would therefore automatically be worth �100 each, (assuming that the �100k is the company's only asset/s).

Companies House returned the forms to me or alteration as apparently they needed them to read so as I was the only director and shareholder (at present), holding one share, and with 999 yet to be issued.

Can anyone please clarify this situation for me as I am confused as to where I stand regarding the actual ownrship of the shares, (though the company is not trading yet).

[Oneeyedvic]

I would read here:

http://www.companieshouse.gov.uk/about/gbhtml/ gba6.shtml

and if in any doubt, consult an accountant. (sorry can't be more helpful)

[dunthinking]

When the company is formed it would appear to have 1,000 authorised shares. There will be one share (subscribers share) issued. This share should be in your name and at any time you can allot yourself a further 999 shares if you wish by completing the appropriate form.

You should check with companies house who is the named holder of the subscribers share. If it is not in your name then you should have the share transferred to yourself. If the share is in your name then you own 100% of the company.