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| Allotment | Filed | Share Class | Round Size | Round Type |
|---|---|---|---|---|
2022-06-30 | £3.0M |
| Shareholder | Share class | Shares | Holding |
|---|---|---|---|
| LCM GROUP HOLDINGS PTY LTDCORP | ORDINARY, REDEEMABLE PREFERENCE | 2,500,012 | 100.0% |
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Capital raised per employee divides the equity LCM CORPORATE SERVICES UK LTD 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. LCM CORPORATE SERVICES UK LTD has 2 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
EACH SHARE HAS FULL RIGHTS IN THE COMPANY WITH RESPECT TO VOTING, DIVIDENDS AND DISTRIBUTIONS.
A) THE REDEEMABLE NON-VOTING PREFERENCE SHARES SHALL CARRY THE RIGHTS TO RECEIVE ANY OF THE PROFITS OF THE COMPANY AVAILABLE FOR DISTRIBUTION BY WAY OF DIVIDEND OR OTHERWISE; B) IF THERE IS A RETURN OF CAPITAL ON WINDING- UP OR OTHERWISE, THE ASSETS OF THE COMPANY AVAILABLE FOR DISTRIBUTION AMONG THE MEMBERS SHALL BE APPLIED FIRST IN REPAYING IN FULL THE HOLDER OF THE REDEEMABLE NON-VOTING PREFERENCE SHARES THE AMOUNT PAID UP ON SUCH SHARES; C) SUBJECT TO THE PROVISIONS OF THE COMPANIES ACT, THE COMPANY MAY REDEEM THE REDEEMABLE NON-VOTING PREFERENCE SHARES AT THEIR NOMINAL AMOUNT AT ANY TIME SPECIFIED BY THE DIRECTORS OF THE COMPANY AND SPECIFICALLY NOT THE HOLDERS OF THE REDEEMABLE NON VOTING-PREFERENCE SHARES, PROVIDED ALWAYS THAT IF THE COMPANY SHALL AT ANY TIME BE UNABLE, IN COMPLIANCE WITH THE PROVISIONS OF THE COMPANIES ACT, TO REDEEM THE REDEEMABLE NON-VOTING PREFERENCE SHARES ON THE DATE SPECIFIED BY THE DIRECTORS OF THE COMPANY, THEN THE COMPANY SHALL REDEEM SUCH SHARES AS SOON AS IT IS ABLE TO COMPLY WITH SUCH PROVISIONS OF THE COMPANIES ACT; D) ON THE REDEMPTION OF ANY REDEEMABLE NON-VOTING PREFERENCE SHARES SUCH REDEEMABLE NON-VOTING PREFERENCE SHARES SHALL BE CANCELLED; E) SUBJECT TO THE PROVISIONS OF THE COMPANIES ACT, ANY NOTICE OF REDEMPTION SERVE SHALL SPECIFY THE DATE FIXED FOR REDEMPTION AND UPON SUCH DATE THE HOLDERS OF THE REDEEMABLE NON-VOTING PREFERENCE SHARES SHALL BE BOUND TO PRESENT THE CERTIFICATE IN RESPECT THEREOF IN ORDER THAT THE SAME MAY BE CANCELLED. UPON SUCH DELIVERY THE COMPANY SHALL PAY TO SUCH HOLDERS THE AMOUNT DUE
These are the directors and secretaries who have left LCM CORPORATE SERVICES UK LTD. 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.