Productive Machines Ltd develops autonomous optimisation software for CNC machining, providing digit Sign up to read more
| Allotment | Filed | Share Class | Round Size | Round Type |
|---|---|---|---|---|
2026-05-18 | £1.3M |
| Shareholder | Share class | Shares | Holding |
|---|---|---|---|
| ERDEM OZTURK | ORDINARY | 10,000,000 | 36.6% |
| 8888888888888888888888 | 8888888888 | 8888888 | 88888 |
| 88888888888888888888888888 | 8888888888 | 8888888 | 88888 |
| 888888888888888888 | 8888888888 | 888888 | 8888 |
| 8888888888888 | 88888888 | 888888 | 8888 |
| 8888888888888 | 88888888 | 888888 | 8888 |
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Capital raised per employee divides the equity PRODUCTIVE MACHINES 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. PRODUCTIVE MACHINES LTD has 3 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
THE ORDINARY SHARES HAVE FULL VOTING RIGHTS AND ARE ENTITLED TO DIVIDEND PAYMENTS PRO RATA TO THE NUMBER OF SHARES HELD. ON A DISTRIBUTION OF ASSETS ON A LIQUIDATION OR A CAPITAL REDUCTION, THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES SHALL BE APPLIED: (I) FIRST IN PAYING THE HOLDERS OF THE DEFERRED SHARES (IF ANY) A TOTAL OF £1.00 FOR THE ENTIRE CLASS, (II) SECOND IN PAYING THE HOLDERS OF EQUITY SHARES, AS TO 99.99% IN PAYING THE HOLDERS OF THE PREFERRED SHARES THE PREFERENCE AMOUNT OF EACH PREFERRED SHARES AND AS TO 0.01% TO THE HOLDERS OF THE ORDINARY SHARES A SUM EQUAL TO THE HIGHER OF: (A) THE AGGREGATE PREFERENCE AMOUNT OF ALL PREFERRED SHARES AND (B) THE AGGREGATE AMOUNT TO WHICH ALL HOLDERS OF THE PREFERRED SHARES WOULD BE ENTITLED TO IF THE SURPLUS ASSETS WERE DISTRIBUTED AMONG HOLDERS OF THE EQUITY SHARES PRO RATA TO THE NUMBER OF EQUITY SHARES HELD AND (III) THE BALANCE OF THE SURPLUS ASSETS (IF ANY) DISTRIBUTED AMONG THE HOLDERS OF THE EQUITY SHARES 99.99% TO THE HOLDERS OF THE ORDINARY SHARES PRO RATA TO THE NUMBER OF SHARES HELD AND 0.01% TO THE PREFERRED SHAREHOLDERS PRO RATA TO THE PREFERENCE AMOUNT OF SUCH PREFERRED SHARES HELD.
THE PREFERRED SHARES HAVE FULL VOTING RIGHTS AND ARE ENTITLED TO DIVIDEND PAYMENTS PRO RATA TO THE NUMBER OF SHARES HELD. ON A DISTRIBUTION OF ASSETS ON A LIQUIDATION OR A CAPITAL REDUCTION, THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES SHALL BE APPLIED: (I) FIRST IN PAYING THE HOLDERS OF THE DEFERRED SHARES (IF ANY) A TOTAL OF £1.00 FOR THE ENTIRE CLASS, (II) SECOND IN PAYING THE HOLDERS OF EQUITY SHARES, AS TO 99.99% IN PAYING THE HOLDERS OF THE PREFERRED SHARES THE PREFERENCE AMOUNT OF EACH PREFERRED SHARES AND AS TO 0.01% TO THE HOLDERS OF THE ORDINARY SHARES
THE PREFERRED A SHARES HAVE FULL VOTING RIGHTS AND ARE ENTITLED TO DIVIDEND PAYMENTS PRO RATA TO THE NUMBER OF SHARES HELD. ON A DISTRIBUTION OF ASSETS ON A LIQUIDATION OR A CAPITAL REDUCTION, THE SURPLUS ASSETS OF THE COMPANY REMAINING AFTER PAYMENT OF ITS LIABILITIES SHALL BE APPLIED: (I) FIRST IN PAYING THE HOLDERS OF THE DEFERRED SHARES (IF ANY) A TOTAL OF £1.00 FOR THE ENTIRE CLASS, (II) SECOND IN PAYING THE HOLDERS OF PREFERRED A SHARES, A SUM EQUAL TO THE HIGHER OF (A) THE AGGREGATE PREFERENCE AMOUNT OF ALL PREFERRED A SHARES AND (B) THE AGGREGATE AMOUNT WHICH ALL PREFERRED A SHAREHOLDERS WOULD BE ENTITLED TO IF THE SURPLUS ASSETS WERE DISTRIBUTED AMONG HOLDERS OF THE EQUITY SHARES PRO RATA TO THE NUMBER OF EQUITY SHARES HELD, (III) THIRD IN PAYING THE HOLDERS OF EQUITY SHARES, AS TO 99.99% IN PAYING THE HOLDERS
These are the directors and secretaries who have left PRODUCTIVE MACHINES 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.