ELIXIR TOPCO LIMITED's SIC code, 82990, indicates that it is involved in other business support serv Sign up to read more
| Allotment | Filed | Share Class | Round Size | Round Type |
|---|---|---|---|---|
2026-02-27 | £8.3M |
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Capital raised per employee divides the equity ELIXIR TOPCO 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. ELIXIR TOPCO LIMITED has 8 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
THE A ORDINARY SHARES ARE NON-REDEEMABLE BUT SHALL HOLD FULL RIGHTS IN RESPECT OF VOTING WITH ONE VOTE PER SHARE, PROVIDED THAT ALWAYS IN A DEFAULT SCENARIO, THE VOTES OF THE A ORDINARY SHARES SHALL CONFER THE MAJORITY OF VOTES AVAILABLE TO BE CAST IN CONNECTION WITH SUCH MATTERS. THE A ORDINARY SHARES SHALL ENTITLE THE HOLDER TO FULL PARTICIPATION IN A DIVIDEND ISSUED BY THE DIRECTORS (NOTWITHSTANDING NO DIVIDEND OR DISTRIBUTION SHALL BE MADE OR DECLARED UNDER ARTICLE 32.1 OF THE ARTICLES OF ASSOCIATION OF THE COMPANY WHILST ANY PREFERENCE DIVIDEND REMAINS ACCRUED OR UNPAID ON ANY PREFERENCE SHARES). SUBJECT TO ARTICLE 34.3 OF THE ARTICLES OF ASSOCIATION OF THE COMPANY, ON A RETURN OF CAPITAL, THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF: ANY AND ALL DEBTS AND LIABILITIES OF EACH GROUP COMPANY; ANY COSTS ASSOCIATED WITH SUCH RETURN OF CAPITAL; AND ANY OTHER PAYMENTS TO BE MADE IN PRIORITY SHALL BE APPLIED AND DISTRIBUTED AS FOLLOWS: (A) FIRST PAYING PRO RATA TO THE HOLDERS OF THE A1 PREFERENCE SHARES, A2 PREFERENCE SHARES AND B PREFERENCE SHARES IN ISSUE (BEING THE (I) ISSUE PRICE; AND (II) ANY ACCRUED BUT UNPAID PREFERENCE DIVIDEND THEREON); (B) NEXT AND SUBJECT THERETO, THE BALANCE OF ANY SUCH SURPLUS ASSETS SHALL BE APPORTIONED IN PAYING PRO RATA TO THE HOLDERS OF ANY A ORDINARY SHARES, B ORDINARY SHARES AND C ORDINARY SHARES THEN IN ISSUE (PARI PASSU AS IF THE SAME CONSTITUTED THE SAME CLASS OF SHARE).
These are the directors and secretaries who have left ELIXIR TOPCO LIMITED. A resignation is filed with Companies House on form TM01 and the date below is the date the officer's appointment ended, not the date it was filed. Departures matter for reading a company's history: a founder leaving shortly after a funding round, or several directors resigning at once, is often the visible trace of a change of control or a restructure.
THE A1 PREFERENCE SHARES ARE CUMULATIVE NON-VOTING SHARES, NOTWITHSTANDING, THE HOLDERS OF A1 PREFERENCE SHARES WILL BE ENTITLED TO RECEIVE NOTICE OF, BUT NOT ATTEND, AND RECEIVE A COPY OF ANY WRITTEN RESOLUTION CIRCULATED TO THE ELIGIBLE MEMBERS OF THE COMPANY, BUT NOT VOTE IN, ANY GENERAL MEETINGS OF THE COMPANY. THE SHARES ARE REDEEMABLE PRO RATA IN ACCORDANCE WITH ARTICLE 33 OF ARTICLES OF ASSOCIATION OF THE COMPANY. IN RESPECT OF DIVIDEND RIGHTS, THE COMPANY SHALL IN PRIORITY TO THE PAYMENT OF ANY DIVIDEND TO ALL OTHER SHAREHOLDERS, WITHOUT RESOLUTION OF THE BOARD OR OF THE COMPANY IN A GENERAL MEETING AND BEFORE APPLICATION OF ANY PROFITS TO RESERVE OR FOR ANY OTHER PURPOSE, ACCRUE IN RESPECT OF EACH A PREFERENCE SHARE AND B PREFERENCE SHARE, A FIXED CUMULATIVE PREFERENCE DIVIDEND COMPOUNDED QUARTERLY WHICH SHALL ACCRUE DAILY FROM AND INCLUDING THE DATE OF ISSUE OF THE PREFERENCE SHARES AND BE CALCULATED IN RESPECT OF THE PERIOD TO SUCH DATE ASSUMING A 365-DAY YEAR. SUBJECT TO ARTICLE 34.3 OF THE ARTICLES OF ASSOCIATION OF THE COMPANY, ON A RETURN OF CAPITAL, THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF: ANY AND ALL DEBTS AND LIABILITIES OF EACH GROUP COMPANY; ANY COSTS ASSOCIATED WITH SUCH RETURN OF CAPITAL; AND ANY OTHER PAYMENTS TO BE MADE IN PRIORITY SHALL BE APPLIED AND DISTRIBUTED AS FOLLOWS: (A) FIRST PAYING PRO RATA TO THE HOLDERS OF THE A1 PREFERENCE SHARES, A2 PREFERENCE SHARES AND B PREFERENCE SHARES IN ISSUE (BEING THE (I) ISSUE PRICE; AND (II) ANY ACCRUED BUT UNPAID PREFERENCE DIVIDEND THEREON); (B) NEXT AND SUBJECT THERETO, THE BALANCE OF ANY SUCH SURPLUS ASSETS SHALL BE APPORTIONED IN PAYING PRO RATA
THE A2 PREFERENCE SHARES ARE CUMULATIVE NON-VOTING SHARES, NOTWITHSTANDING, THE HOLDERS OF A2 PREFERENCE SHARES WILL BE ENTITLED TO RECEIVE NOTICE OF, BUT NOT ATTEND, AND RECEIVE A COPY OF ANY WRITTEN RESOLUTION CIRCULATED TO THE ELIGIBLE MEMBERS OF THE COMPANY, BUT NOT VOTE IN, ANY GENERAL MEETINGS OF THE COMPANY. THE SHARES ARE REDEEMABLE PRO RATA IN ACCORDANCE WITH ARTICLE 33 OF ARTICLES OF ASSOCIATION OF THE COMPANY. IN RESPECT OF DIVIDEND RIGHTS, THE COMPANY SHALL IN PRIORITY TO THE PAYMENT OF ANY DIVIDEND TO ALL OTHER SHAREHOLDERS, WITHOUT RESOLUTION OF THE BOARD OR OF THE COMPANY IN A GENERAL MEETING AND BEFORE APPLICATION OF ANY PROFITS TO RESERVE OR FOR ANY OTHER PURPOSE, ACCRUE IN RESPECT OF EACH A PREFERENCE SHARE AND B PREFERENCE SHARE, A FIXED CUMULATIVE PREFERENCE DIVIDEND COMPOUNDED QUARTERLY WHICH SHALL ACCRUE DAILY FROM AND INCLUDING THE DATE OF ISSUE OF THE PREFERENCE SHARES AND BE CALCULATED IN RESPECT OF THE PERIOD TO SUCH DATE ASSUMING A 365-DAY YEAR. SUBJECT TO ARTICLE 34.3 OF THE ARTICLES OF ASSOCIATION OF THE COMPANY, ON A RETURN OF CAPITAL, THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF: ANY AND ALL DEBTS AND LIABILITIES OF EACH GROUP COMPANY; ANY COSTS ASSOCIATED WITH SUCH RETURN OF CAPITAL; AND ANY OTHER PAYMENTS TO BE MADE IN PRIORITY SHALL BE APPLIED AND DISTRIBUTED AS FOLLOWS: (A) FIRST PAYING PRO RATA TO THE HOLDERS OF THE A1 PREFERENCE SHARES, A2 PREFERENCE SHARES AND B PREFERENCE SHARES IN ISSUE (BEING THE (I) ISSUE PRICE; AND (II) ANY ACCRUED BUT UNPAID PREFERENCE DIVIDEND THEREON); (B) NEXT AND SUBJECT THERETO, THE BALANCE OF ANY SUCH SURPLUS ASSETS SHALL BE APPORTIONED IN PAYING PRO RATA TO THE HOLDERS OF ANY A ORDINARY SHARES, B ORDINARY SHARES AND C ORDINARY SHARES THEN IN ISSUE (PARI PASSU AS IF THE SAME CONSTITUTED THE SAME CLASS OF SHARE).
THE B ORDINARY SHARES ARE NON-REDEEMABLE BUT SHALL HOLD FULL RIGHTS IN RESPECT OF VOTING WITH ONE VOTE PER SHARE, PROVIDED THAT ALWAYS IN A DEFAULT SCENARIO, THE VOTES OF THE A ORDINARY SHARES SHALL CONFER THE MAJORITY OF
THE B PREFERENCE SHARES ARE CUMULATIVE NON-VOTING SHARES, NOTWITHSTANDING, THE HOLDERS OF B PREFERENCE SHARES WILL BE ENTITLED TO RECEIVE NOTICE OF, BUT NOT ATTEND, AND RECEIVE A COPY OF ANY WRITTEN RESOLUTION CIRCULATED TO THE ELIGIBLE MEMBERS OF THE COMPANY, BUT NOT VOTE IN, ANY GENERAL MEETINGS OF THE COMPANY. THE SHARES ARE REDEEMABLE PRO RATA IN ACCORDANCE WITH ARTICLE 33 OF ARTICLES OF ASSOCIATION OF THE COMPANY. IN RESPECT OF DIVIDEND RIGHTS, THE COMPANY SHALL IN PRIORITY TO THE PAYMENT OF ANY DIVIDEND TO ALL OTHER SHAREHOLDERS, WITHOUT RESOLUTION OF THE BOARD OR OF THE COMPANY IN A GENERAL MEETING, AND BEFORE APPLICATION OF ANY PROFITS TO RESERVE OR FOR ANY OTHER PURPOSE, ACCRUE IN RESPECT OF EACH A PREFERENCE SHARE AND B PREFERENCE SHARE, A FIXED CUMULATIVE PREFERENCE DIVIDEND COMPOUNDED QUARTERLY WHICH SHALL ACCRUE DAILY FROM AND INCLUDING THE DATE OF ISSUE OF THE PREFERENCE SHARES AND BE CALCULATED IN RESPECT OF THE PERIOD TO SUCH DATE ASSUMING A 365-DAY YEAR. SUBJECT TO ARTICLE 34.3 OF THE ARTICLES OF ASSOCIATION OF THE COMPANY, ON A RETURN OF CAPITAL, THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF: ANY AND ALL DEBTS AND LIABILITIES OF EACH GROUP COMPANY; ANY COSTS ASSOCIATED WITH SUCH RETURN OF CAPITAL; AND ANY OTHER PAYMENTS TO BE MADE IN PRIORITY SHALL BE APPLIED AND DISTRIBUTED AS FOLLOWS: (A) FIRST PAYING PRO RATA TO THE HOLDERS OF THE A1 PREFERENCE SHARES, A2 PREFERENCE SHARES AND B PREFERENCE SHARES IN ISSUE (BEING THE (I) ISSUE PRICE; AND (II) ANY ACCRUED BUT UNPAID PREFERENCE DIVIDEND THEREON); (B) NEXT AND SUBJECT THERETO, THE BALANCE OF ANY SUCH SURPLUS ASSETS SHALL BE APPORTIONED IN PAYING PRO RATA TO THE HOLDERS OF ANY A ORDINARY SHARES, B ORDINARY SHARES AND C ORDINARY SHARES THEN IN ISSUE (PARI PASSU AS IF THE SAME CONSTITUTED THE SAME CLASS OF SHARE).
THE C ORDINARY SHARES ARE NON-REDEEMABLE BUT SHALL HOLD FULL RIGHTS IN RESPECT OF VOTING WITH ONE VOTE PER SHARE, PROVIDED THAT ALWAYS IN A DEFAULT SCENARIO, THE VOTES OF THE A ORDINARY SHARES SHALL CONFER THE MAJORITY OF VOTES AVAILABLE TO BE CAST IN CONNECTION WITH SUCH MATTERS. THE C ORDINARY SHARES SHALL ENTITLE THE HOLDER TO FULL PARTICIPATION IN A DIVIDEND ISSUED BY THE DIRECTORS (NOTWITHSTANDING NO DIVIDEND OR DISTRIBUTION SHALL BE MADE OR DECLARED UNDER ARTICLE 32.1 OF THE ARTICLES OF ASSOCIATION OF THE COMPANY WHILST ANY PREFERENCE DIVIDEND REMAINS ACCRUED OR UNPAID ON ANY PREFERENCE SHARES). SUBJECT TO ARTICLE 34.3 OF THE ARTICLES OF ASSOCIATION OF THE COMPANY, ON A RETURN OF CAPITAL, THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF: ANY AND ALL DEBTS AND LIABILITIES OF EACH GROUP COMPANY; ANY COSTS ASSOCIATED WITH SUCH RETURN OF CAPITAL; AND ANY OTHER PAYMENTS TO BE MADE IN PRIORITY SHALL BE APPLIED AND DISTRIBUTED AS FOLLOWS:
THE C PREFERENCE SHARES ARE CUMULATIVE NON-VOTING SHARES, NOTWITHSTANDING, THE HOLDERS OF C PREFERENCE SHARES WILL BE ENTITLED TO RECEIVE NOTICE OF, BUT NOT ATTEND, AND RECEIVE A COPY OF ANY WRITTEN RESOLUTION CIRCULATED TO THE ELIGIBLE MEMBERS OF THE COMPANY, BUT NOT VOTE IN, ANY GENERAL MEETINGS OF THE COMPANY. THE SHARES ARE REDEEMABLE PRO RATA IN ACCORDANCE WITH ARTICLE 33 OF ARTICLES OF ASSOCIATION OF THE COMPANY. IN RESPECT OF DIVIDEND RIGHTS, THE COMPANY SHALL IN PRIORITY TO THE PAYMENT OF ANY DIVIDEND TO ALL OTHER SHAREHOLDERS, WITHOUT RESOLUTION OF THE BOARD OR OF THE COMPANY IN A GENERAL MEETING, AND BEFORE APPLICATION OF ANY PROFITS TO RESERVE OR FOR ANY OTHER PURPOSE, ACCRUE IN RESPECT OF EACH A PREFERENCE SHARE AND B PREFERENCE SHARE AND C PREFERENCE SHARE, A FIXED CUMULATIVE PREFERENCE DIVIDEND COMPOUNDED QUARTERLY WHICH SHALL ACCRUE DAILY FROM AND INCLUDING THE DATE OF ISSUE OF THE PREFERENCE SHARES AND BE CALCULATED IN RESPECT OF THE PERIOD TO SUCH DATE ASSUMING A 365-DAY YEAR. SUBJECT TO ARTICLE 34.3 OF THE ARTICLES OF ASSOCIATION OF THE COMPANY, ON A RETURN OF CAPITAL, THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF: ANY AND ALL DEBTS AND LIABILITIES OF EACH GROUP COMPANY; ANY COSTS ASSOCIATED WITH SUCH RETURN OF CAPITAL; AND ANY OTHER PAYMENTS TO BE MADE IN PRIORITY SHALL BE APPLIED AND DISTRIBUTED AS FOLLOWS: (A) FIRST PAYING PRO RATA TO THE HOLDERS OF THE A1 PREFERENCE SHARES, A2 PREFERENCE SHARES, AND B PREFERENCE SHARES IN ISSUE (BEING THE (I) ISSUE PRICE; AND (II) ANY ACCRUED BUT UNPAID PREFERENCE DIVIDEND THEREON); (B) THEN PAYING PRO RATA TO THE HOLDERS OF THE C PREFERENCE SHARES IN ISSUE (BEING THE (I) ISSUE PRICE; AND (II) ANY ACCRUED BUT UNPAID PREFERENCE DIVIDEND THEREON) (C) NEXT AND SUBJECT THERETO, THE BALANCE OF ANY SUCH SURPLUS ASSETS SHALL BE APPORTIONED IN PAYING PRO RATA TO THE HOLDERS OF ANY A ORDINARY SHARES, B ORDINARY SHARES AND C ORDINARY SHARES THEN IN ISSUE (PARI PASSU AS IF THE SAME CONSTITUTED THE SAME CLASS OF SHARE). THE C PREFERENCE SHARES ARE SUBJECT TO THE CONVERSION MECHANISM AS SET OUT WITHOUT THE ARTICLES OF ASSOCIATION OF THE COMPANY.
THE D PREFERENCE SHARES ARE CUMULATIVE NON-VOTING REDEEMABLE SHARES. ON A RETURN OF CAPITAL, PAYMENTS SHALL BE APPLIED AND DISTRIBUTED FIRSTLY IN PAYING PRO RATA TO EACH HOLDER OF A PREFERENCE SHARES ANY AMOUNTS OUTSTANDING, SECONDLY PRO RATA TO THE HOLDERS OF B PREFERENCE SHARES AN AMOUNT EQUAL TO THE AMOUNT OUTSTANDING ON SUCH B PREFERENCE SHARES, THIRDLY, PRO RATA TO THE HOLDERS OF C PREFERENCE SHARES AN AMOUNT EQUAL TO THE AMOUNT OUTSTANDING ON SUCH C PREFERENCE SHARES, AND FOURTHLY PRO RATA TO THE HOLDERS OF THE D PREFERENCE SHARES AN AMOUNT EQUAL TO THE AMOUNT OUTSTANDING ON SUCH D PREFERENCE SHARES. THE HOLDERS OF D PREFERENCE SHARES MAY BE ENTITLED TO A PREFERENCE DIVIDEND, PURSUANT TO ARTICLE 32.3. THE D PREFERENCE SHARES ARE REDEEMABLE IN ACCORDANCE WITH ARTICLE 33.1. THE D PREFERENCE SHARES ARE SUBJECT TO THE CONVERSION MECHANISM AS SET OUT IN ARTICLE 40 OF THE COMPANY'S ARTICLES OF ASSOCIATION.