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| Shareholder | Share class | Shares | Holding |
|---|---|---|---|
| CATHERINE JONES | ORDINARY | 900,000 | 42.9% |
| 8888888888888888888888 | 8888888888 | 8888888 | 88888 |
| 88888888888888888888888888 | 8888888888 | 8888888 | 88888 |
| 888888888888888888 | 8888888888 | 888888 | 8888 |
| 8888888888888 | 88888888 | 888888 | 8888 |
Capital raised per employee divides the equity BYWAY TRAVEL LIMITED raised in the last six months by the headcount in its most recent filed accounts. It is a rough read on how capital-intensive the business is: a high figure means the company is raising a lot relative to the number of people it employs, which is typical of hardware, biotech and other research-heavy businesses. Headcount comes from annual accounts and so lags the funding date, often by a year or more.
A share class is a category of shares carrying its own rights over voting, dividends and what happens to the money if the company is sold or wound up. UK companies typically issue Ordinary shares to founders and employees, then create a new Preferred class at each funding round, giving investors priority on proceeds ahead of the Ordinary holders. BYWAY TRAVEL LIMITED has 3 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
DIVIDEND – AVAILABLE PROFITS SHALL FIRST BE DISTRIBUTED TO THE HOLDERS OF DEFERRED SHARES WHO SHALL RECEIVE A TOTAL OF ONE PENNY IN AGGREGATE (AS A CLASS), THE REMAINDER SHALL BE DISTRIBUTED TO THE HOLDERS OF EQUITY SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS. DISTRIBUTION RIGHTS ON A LIQUIDATION OR RETURN OF CAPITAL – (A) THE HOLDERS OF DEFERRED SHARES SHALE BE PAID A TOTAL OF ONE PENNY IN AGGREGATE FOR THE ENTIRE CLASS (B) THE BALANCE OF THE SURPLUS ASSETS SHALL BE DISTRIBUTED WHERE AN AMOUNT EQUAL TO £X PLUS £100 (WHERE X IS AN AMOUNT EQUAL TO THE PREFERENCE AMOUNT IN RESPECT OF THE SERIES A SHARES THEN OUTSTANDING) AS FOLLOWS: (I) 0.00001% OF SUCH AMOUNT TO THE HOLDERS OF ORDINARY SHARES AND B ORDINARY SHARES PRO RATA TO THE NUMBER OF SHARES HELD (II) THE REMAINING BALANCE SHALL BE DISTRIBUTED TO THE HOLDERS OF SERIES A SHARES ON A PRO RATA BASIS SUCH THAT EACH HOLDER OF SERIES A SHARES RECEIVES IN RESPECT OF EACH SERIES A SHARE HELD THE PREFERENCE AMOUNT. (C) THE BALANCE OF THE SURPLUS ASSETS THEREAFTER SHALL BE DISTRIBUTED AS FOLLOWS: (I) 0.00001% TO THE HOLDERS OF SERIES A SHARES PRO-RATA TO THE NUMBER OF SERIES A SHARES HELD AND (II) THE BALANCE TO THE HOLDERS OF ORDINARY SHARES AND B ORDINARY SHARES PRO RATA TO THE NUMBER OF ORDINARY SHARES AND B SHARES HELD. VOTING – THE DEFERRED SHARES CARRY NO VOTING RIGHTS.
| 8888888888888 | 88888888 | 888888 | 8888 |
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EXCEPT AS OTHERWISE PROVIDED THE ORDINARY SHARES AND THE SERIES A SHARES SHALL RANK PARI PASSU. DIVIDEND – AVAILABLE PROFITS TO BE DISTRIBUTED SHALL FIRST BE DISTRIBUTED TO THE HOLDERS OF DEFERRED SHARES WHO SHALL RECEIVE A TOTAL OF ONE PENNY IN AGGREGATE (AS A CLASS), THE REMAINDER SHALL BE DISTRIBUTED TO THE HOLDERS OF EQUITY SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS. DISTRIBUTION RIGHTS ON A LIQUIDATION OR RETURN OF CAPITAL – (A)
EXCEPT AS OTHERWISE PROVIDED THE SERIES A SHARES AND THE ORDINARY SHALL RANK PARI PASSU. DIVIDEND – AVAILABLE PROFITS SHALL FIRST BE DISTRIBUTED TO THE HOLDERS OF DEFERRED SHARES WHO SHALL RECEIVE A TOTAL OF ONE PENNY IN AGGREGATE (AS A CLASS), THE REMAINDER SHALL BE DISTRIBUTED TO THE HOLDERS OF EQUITY SHARES PRO RATA TO THEIR RESPECTIVE HOLDINGS. DISTRIBUTION RIGHTS ON A LIQUIDATION OR RETURN OF CAPITAL – (A) THE HOLDERS OF DEFERRED SHARES SHALE BE PAID A TOTAL OF ONE PENNY IN AGGREGATE FOR THE ENTIRE CLASS (B) THE BALANCE OF THE SURPLUS ASSETS SHALL BE DISTRIBUTED WHERE AN AMOUNT EQUAL TO £X PLUS £100 (WHERE X IS AN AMOUNT EQUAL TO THE PREFERENCE AMOUNT IN RESPECT OF THE SERIES A SHARES THEN OUTSTANDING) AS FOLLOWS: (I) 0.00001% OF SUCH AMOUNT TO THE HOLDERS OF ORDINARY SHARES AND B ORDINARY SHARES PRO RATA TO THE NUMBER OF SHARES HELD (II) THE REMAINING BALANCE SHALL BE DISTRIBUTED TO THE HOLDERS OF SERIES A SHARES ON A PRO RATA BASIS SUCH THAT EACH HOLDER OF SERIES A SHARES RECEIVES IN RESPECT OF EACH SERIES A