Phlux Technology Ltd designs, manufactures and markets ultra‑low‑noise 1550 nm InGaAs avalanche phot Sign up to read more
| Allotment | Filed | Share Class | Round Size | Round Type |
|---|---|---|---|---|
2025-04-09 | £9.0M |
| Shareholder | Share class | Shares | Holding |
|---|---|---|---|
| NORTHERN GRITSTONE LIMITEDCORP | ORDINARY, SEED PREFERRED, SERIES A | 365,568 | 19.5% |
| 8888888888888888888888 | 8888888888 | 8888888 | 88888 |
| 88888888888888888888888888 | 8888888888 | 8888888 | 88888 |
| 888888888888888888 | 8888888888 | 888888 | 8888 |
| 8888888888888 | 88888888 | 888888 |
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Capital raised per employee divides the equity PHLUX TECHNOLOGY 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. PHLUX TECHNOLOGY LTD has 3 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
VOTING: THE ORDINARY SHARES SHALL CONFER ON EACH HOLDER OF ORDINARY SHARES THE RIGHT TO RECEIVE NOTICE OF AND TO ATTEND, SPEAK AND VOTE AT ALL GENERAL MEETINGS OF THE COMPANY AND TO RECEIVE AND VOTE ON PROPOSED WRITTEN RESOLUTIONS OF THE COMPANY. DIVIDENDS: AVAILABLE PROFITS DISTRIBUTED AMONG THE HOLDERS OF THE DEFERRED SHARES AND THE EQUITY SHARES SO THAT THE HOLDERS OF DEFERRED SHARES RECEIVE £1.00 (AS A CLASS) AND THE REMAINDER OF THE AVAILABLE PROFITS WILL BE DISTRIBUTED TO THE HOLDERS OF THE EQUITY SHARES ON A PARI PASSU AND PRO RATA BASIS. “EQUITY SHARES” MEANS THE SHARES OTHER THAN THE DEFERRED SHARES. INCOME: ON A DISTRIBUTION OF ASSETS THE SURPLUS ASSETS SHALL BE APPLIED IN THE FOLLOWING ORDER OF PRIORITY: (1) IN PAYING TO THE HOLDERS OF THE DEFERRED SHARES A TOTAL OF £1.00 FOR THE ENTIRE CLASS, (2) IN PAYING A SUM EQUAL TO £X PLUS £100 (WHERE X IS AN AMOUNT EQUAL TO THE AGGREGATE SERIES A PREFERENCE AMOUNT OF ALL THE SERIES A SHARES IN ISSUE PLUS ANY ARREARS TO BE DISTRIBUTED AS TO 0.0001% TO THE HOLDERS OF THE ORDINARY SHARES AND SEED PREFERRED SHARES PRO-RATA AND AS TO THE BALANCE TO THE HOLDERS OF THE SERIES A SHARES AND WHERE THERE ARE INSUFFICIENT NET PROCEEDS TO PAY SUCH AMOUNT THE NET PROCEEDS SHALL BE DISTRIBUTED AMONGST THE HOLDERS OF SERIES A SHARES, SEED PREFERRED SHARES AND ORDINARY SHARES PRO RATA TO THE AMOUNT THEY WOULD OTHERWISE HAVE RECEIVED HEREUNDER; (3) IN PAYING A SUM EQUAL TO £Y PLUS £100 (WHERE Y IS AN AMOUNT EQUAL TO THE AGGREGATE SEED PREFERENCE AMOUNT OF ALL THE SEED PREFERRED SHARES IN ISSUE AT THE RELEVANT TIME PLUS ANY ARREARS TO BE DISTRIBUTED AS TO 0.0001% TO THE HOLDERS OF THE ORDINARY SHARES AND SERIES A SHARES PRO-RATA AND AS TO THE BALANCE TO THE HOLDERS OF THE SEED PREFERRED SHARES AND WHERE THERE ARE INSUFFICIENT NET PROCEEDS TO PAY SUCH AMOUNTS THE NET PROCEEDS SHALL BE DISTRIBUTED AMONGST THE HOLDERS OF SEED PREFERRED SHARES, SERIES A SHARES AND ORDINARY SHARES PRO RATA TO THE AMOUNT THEY WOULD OTHERWISE HAVE RECEIVED HEREUNDER; (4) THEREAFTER THE BALANCE OF ANY NET PROCEEDS SHALL BE DISTRIBUTED AS TO 0.0001% TO THE HOLDERS OF THE SEED PREFERRED SHARES AND SERIES A SHARES PRO RATA AND AS TO THE BALANCE TO THE HOLDERS OF THE
These are the directors and secretaries who have left PHLUX TECHNOLOGY 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.
| 8888 |
| 8888888888888 | 88888888 | 888888 | 8888 |
17 more shareholders on file , sign up free to see.
VOTING: THE SEED PREFERRED SHARES SHALL CONFER ON EACH HOLDER OF ORDINARY SHARES THE RIGHT TO RECEIVE NOTICE OF AND TO ATTEND, SPEAK AND VOTE AT ALL GENERAL MEETINGS OF THE COMPANY AND TO RECEIVE AND VOTE ON PROPOSED WRITTEN RESOLUTIONS OF THE COMPANY. DIVIDENDS: AVAILABLE PROFITS DISTRIBUTED AMONG THE HOLDERS OF THE DEFERRED SHARES AND THE EQUITY SHARES SO THAT THE HOLDERS OF DEFERRED SHARES RECEIVE £1.00 (AS A CLASS) AND THE REMAINDER OF THE AVAILABLE PROFITS WILL BE DISTRIBUTED TO THE HOLDERS OF THE EQUITY SHARES ON A PARI PASSU AND PRO RATA BASIS. “EQUITY SHARES” MEANS THE SHARES OTHER THAN THE DEFERRED SHARES. INCOME: ON A DISTRIBUTION OF ASSETS THE SURPLUS ASSETS SHALL BE APPLIED IN THE FOLLOWING ORDER OF PRIORITY: (1) IN PAYING TO THE HOLDERS OF THE DEFERRED SHARES A TOTAL OF £1.00 FOR THE ENTIRE CLASS, (2) IN PAYING A SUM EQUAL TO £X PLUS £100 (WHERE X IS AN AMOUNT EQUAL TO THE AGGREGATE SERIES A PREFERENCE AMOUNT OF ALL THE SERIES A SHARES IN ISSUE PLUS ANY ARREARS TO BE DISTRIBUTED AS TO 0.0001% TO THE HOLDERS OF THE ORDINARY SHARES AND SEED PREFERRED SHARES PRO-RATA AND AS TO THE BALANCE TO THE HOLDERS OF THE SERIES A SHARES AND WHERE THERE ARE INSUFFICIENT NET PROCEEDS TO PAY SUCH AMOUNT THE NET PROCEEDS SHALL BE DISTRIBUTED AMONGST THE HOLDERS OF SERIES A SHARES, SEED PREFERRED SHARES AND ORDINARY SHARES PRO RATA TO THE AMOUNT THEY WOULD OTHERWISE HAVE RECEIVED HEREUNDER; (3) IN PAYING A SUM EQUAL TO £Y PLUS £100 (WHERE Y IS AN AMOUNT EQUAL TO THE AGGREGATE SEED PREFERENCE AMOUNT OF ALL THE SEED PREFERRED SHARES IN ISSUE AT THE RELEVANT TIME PLUS ANY ARREARS TO BE DISTRIBUTED AS TO 0.0001% TO THE HOLDERS OF THE ORDINARY SHARES AND SERIES A SHARES PRO-RATA AND AS TO THE BALANCE TO THE HOLDERS OF THE SEED PREFERRED SHARES AND WHERE
VOTING: THE SERIES A SHARES SHALL CONFER ON EACH HOLDER OF ORDINARY SHARES THE RIGHT TO RECEIVE NOTICE OF AND TO ATTEND, SPEAK AND VOTE AT ALL GENERAL MEETINGS OF THE COMPANY AND TO RECEIVE AND VOTE ON PROPOSED WRITTEN RESOLUTIONS OF THE COMPANY. DIVIDENDS: AVAILABLE PROFITS DISTRIBUTED AMONG THE HOLDERS OF THE DEFERRED SHARES AND THE EQUITY SHARES SO THAT THE HOLDERS OF DEFERRED SHARES RECEIVE £1.00 (AS A CLASS) AND THE REMAINDER OF THE AVAILABLE PROFITS WILL BE DISTRIBUTED TO THE HOLDERS OF THE EQUITY SHARES ON A PARI PASSU AND PRO RATA BASIS. “EQUITY SHARES” MEANS THE SHARES OTHER THAN THE DEFERRED SHARES. INCOME: ON A DISTRIBUTION OF ASSETS THE SURPLUS ASSETS SHALL BE APPLIED IN THE FOLLOWING ORDER OF PRIORITY: (1) IN PAYING TO THE HOLDERS OF THE DEFERRED SHARES A TOTAL OF £1.00 FOR THE ENTIRE CLASS, (2) IN PAYING A SUM EQUAL TO £X PLUS £100 (WHERE X IS AN AMOUNT EQUAL TO THE AGGREGATE SERIES A PREFERENCE AMOUNT OF ALL THE SERIES A SHARES IN ISSUE PLUS ANY ARREARS TO BE DISTRIBUTED AS TO 0.0001% TO THE HOLDERS OF THE ORDINARY SHARES AND SEED PREFERRED SHARES PRO-RATA AND AS TO THE BALANCE TO THE HOLDERS OF THE SERIES A SHARES AND WHERE THERE ARE INSUFFICIENT NET PROCEEDS TO PAY SUCH AMOUNT THE NET PROCEEDS SHALL BE DISTRIBUTED AMONGST THE HOLDERS OF SERIES A SHARES, SEED PREFERRED SHARES AND ORDINARY SHARES