Sloppy company formation by prospective client

Prospect has formed his new company subscribing for 10,000 shares without appreciating he might have pay for them.
What is the simplest way to rectify this and reduce the shareholder's liability?
One share would have been sufficient for the purpose and even 100 a bit of a luxury!

Comments
There are 29 comments. Login or register to view them.

form again

carnmores |
carnmores's picture

How much of the share capital has the company called for?

Paul Scholes |
Paul Scholes's picture

so would they then technically be debtors

carnmores |
carnmores's picture

Client wanted to look big

petersaxton |
petersaxton's picture

Maybe it's me

andy.partridge |
andy.partridge's picture

Authorised?

petersaxton |
petersaxton's picture

@ Peter

andy.partridge |
andy.partridge's picture

One share

petersaxton |
petersaxton's picture

Could you have part paid shares instead?

dbowleracca |
dbowleracca's picture

per share

mookgirluk |
mookgirluk's picture

To recap

Moonbeam |
Moonbeam's picture

No

petersaxton |
petersaxton's picture

Getting a bit technical

Paul Scholes |
Paul Scholes's picture

Check incorporation documents

Andy Reeves |
Andy Reeves's picture

Can't see that there is a

TOC |

share capital

sue scherzo |
sue scherzo's picture

Companies House annual returns etc can be confusing

KH |
KH's picture

@ Sue

andy.partridge |
andy.partridge's picture

Regular occurrance

petersaxton |
petersaxton's picture

I think Paul has got it right

andy.partridge |
andy.partridge's picture

Its not that bad

Nichola Ross Martin |
Nichola Ross Martin's picture

one of my favourite posts of the year

carnmores |
carnmores's picture

Thanks NIchola

andy.partridge |
andy.partridge's picture

Shocking Impact of 2006CA?

Paul Scholes |
Paul Scholes's picture

Why the need to reduce the par value of the shares

pauljohnston |

Ask Companies House

Huw Williams |

Huw

petersaxton |
petersaxton's picture

Talking to Companies House

Huw Williams |

Usually

petersaxton |
petersaxton's picture