01 / PRACTICAL PRODUCT DETAILS
Which Documents Are Prepared When UK Ltd Shares Are Transferred
When a ready-made company is purchased, it is not the incorporation date or company number that changes, but the owner of the issued shares. The transfer is recorded by a Stock Transfer Form and the company’s corporate records. You receive evidence of share ownership and an updated document package.
A new director can be appointed at the same time, the registered office can be changed and, if required, the name can be changed. This is convenient when buying a shelf or vintage UK Ltd: the company keeps its original incorporation date while management and ownership pass to you.
If a company with a large statement of capital is acquired, the number, class and nominal value of the shares are recorded separately in the documents. For a UK Ltd with capital from £1,000,000, the transfer parameters are agreed before completion.
The company number and original incorporation date remain the same. The shares, director and other current company details change.