MOTONOVO FINANCE LIMITED provides motor finance products, such as Hire Purchase (HP) and Personal Co Sign up to read more
| Allotment | Filed | Share Class | Round Size | Round Type |
|---|---|---|---|---|
2020-09-08 | £50.0M |
| Shareholder | Share class | Shares | Holding |
|---|---|---|---|
| ALDERMORE GROUP PLCCORP | ORDINARY, PREFERENCE A | 109,000,000 | 100.0% |
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Capital raised per employee divides the equity MOTONOVO FINANCE 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. MOTONOVO FINANCE LIMITED has 3 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
THE SHARES HAVE ATTACHED TO THEM FULL VOTING, DIVIDEND AND CAPITAL DISTRIBUTION RIGHTS, INCLUDING ON A WINDING UP; THEY DO NOT CONFER ANY RIGHTS OF REDEMPTION.
THE PREFERENCE A SHARES CONSTITUTE UNSECURED, NON-VOTING, CUMULATIVE, REDEEMABLE PREFERENCE SHARES IN THE CAPITAL OF THE ISSUER AND RANK PARI PASSU INTER SE AND IN PRIORITY TO ALL OTHER SHARES IN THE CAPITAL OF THE ISSUER FROM TIME TO TIME (INCLUDING THE EXISTING SHARES) ON A WINDING-UP, LIQUIDATION OR DISSOLUTION OF THE ISSUER. UNLESS OTHERWISE AGREED IN WRITING BY ALL OF THE HOLDERS OF THE PREFERENCE A SHARES FROM TIME TO TIME, NO
THE PREFERENCE A2 SHARES CONSTITUTE UNSECURED, NON-VOTING, CUMULATIVE, REDEEMABLE PREFERENCE SHARES IN THE CAPITAL OF THE ISSUER AND RANK PARI PASSU INTER SE AND IN PRIORITY TO ALL OTHER SHARES IN THE CAPITAL OF THE ISSUER FROM TIME TO TIME (INCLUDING THE EXISTING SHARES) ON A WINDING-UP, LIQUIDATION OR DISSOLUTION OF THE ISSUER. UNLESS OTHERWISE AGREED IN WRITING BY ALL OF THE HOLDERS OF THE PREFERENCE A2 SHARES FROM TIME TO TIME, NO
These are the directors and secretaries who have left MOTONOVO FINANCE 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.