I've just taken on a new client where it is a very small one man band company which the director incorporated themselves using an online formation agent.
On checking the incorporation documents at Companies House the prescribed particulars of the one issued share are:
One share = one vote, equal rights to dividends, so long as there are no rights attached to share on winding up etc or redemption rights.
I understand what the above means but my question is why would a standard company formation not leave the rights on winding up as standard for the shares?
Is there some benefit to this as it is not the only time I've seen it.