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Short Conversation with Companies House (Patreon)

Published:
2023-12-06 18:35:00
Imported:
2026-09
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Short Conversation with Companies House

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Comments

Mohammed

Hi Carl got a few questions 😂 hope you don’t mind…. I remember you mentioning In another video one the HM departments/companies were placing additional shares into your company after each tax year/return, is that correct and were you able issue yourself those shares? would that be classed as commercial paper that you could take to the bank or the treasury?

Hornseywood - Truth Talk

have not done anything further, and yes they are shares so can be transferred & converted 🙏🏽

Junior

Do you have to wait a year in order to cash out your shares if you’ve only just set up the company? And once iv been allocated a share how would I know how much that share is worth?

Hornseywood - Truth Talk

when you do your filing and confirmation statement then you are recognised 🙏🏽 or you can give companies house a call and discuss with them. a few have called and received the same answer as the call above 🙏🏽

Junior

Say I wanted to order 1,000,000 shares for my limited company, could I then go and get a Lombard loan - which they will then use my shares as collateral for the loan?

Hornseywood - Truth Talk

give them a call and speak to companies house to continue where we left off in this video 🙏🏽 always best to get the facts from them, or they will tell you to go and discuss it with your legal team, if you know what you're talking about and they know you're not bluffing etc ❤️🙏🏽❤️

dan

ok when setting your company up you choose how much each share is worth, in my case £1 each, i came across a business on company house opened just over a year ago who had issued himself 4,999,999 shares, he was also dormant. Now its the next piece of the puzzle we gotta work out.

dan

ok heres my theory : the share is only worth the £1 when your actually doing business, so if your business has earned £100,000 that year then times that by the £1 (because you own ALL the shares), then the next step is actually selling it, but a dormant buisness aint worth jack, i could be wrong but ive bought and sold shares online in the past and its pretty much how it worked, you assign yourself 10 millin shares but if its a dormant buisness nobody will want to buy any because there is no return on investment, but hey im praying im wrong

dan

best bet is to ring a broker, tell him a load of b.s "ive got 20k to invest but no idea how it all works" then hit him with the question " my friend has a ltd company but its dormant, it has 1000 shares though worth £1 each" now if its possible to sell them believe me a broker will tell you because the make a commission off a sale, brokers get paid in 2 ways, company hires them to get sign ups to their platform, site and 2, commission when the share/bond/ETF is actually sold, so if it can be done these guys will jump on it like a tramp on chips.

dan

companies house wont tell you anything because if he/she says one wrong word they will be wide open to getting sued for giving legal advice without a licence