PROLO LTD develops business software and operates a procurement platform for the wholesale of wood, Sign up to read more
| Allotment | Filed | Share Class | Round Size | Round Type |
|---|---|---|---|---|
2026-01-06 | £3.2M |
| Shareholder | Share class | Shares | Holding |
|---|---|---|---|
| JAMES DAVID MORRIS-MANUEL | A ORDINARY | 100,000 | 55.5% |
| 8888888888888888888888 | 8888888888 | 8888888 | 88888 |
| 88888888888888888888888888 | 8888888888 | 8888888 | 88888 |
| 888888888888888888 | 8888888888 | 888888 | 8888 |
| 8888888888888 | 88888888 | 888888 | 8888 |
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Capital raised per employee divides the equity PROLO 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. PROLO LTD has 2 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
ALL RIGHTS ATTACHED, EACH SHARE IS ENTITLED TO ONE VOTE IN ANY CIRCUMSTANCES, IS ENTITLED TO DIVIDEND PAYMENTS OR ANY OTHER DISTRIBUTION AND IS ENTITLED TO PARTICIPATE IN A DISTRIBUTION ARISING FROM A WINDING UP OF THE COMPANY
THE SEED SHARES SHALL CONFER ON EACH HOLDER OF SEED SHARES THE RIGHT TO RECEIVE NOTICE OF AND TO ATTEND, SPEAK AND VOTE AT ALL GENERAL MEETINGS OF THE COMPANY AND TO RECEIVE, VOTE ON AND CONSTITUTE AN ELIGIBLE MEMBER FOR THE PURPOSES OF PROPOSED WRITTEN RESOLUTIONS OF THE COMPANY. ANY AVAILABLE PROFITS WHICH THE COMPANY MAY DETERMINE, WITH INVESTOR MAJORITY CONSENT, TO DISTRIBUTE IN RESPECT OF ANY FINANCIAL YEAR WILL BE DISTRIBUTED AMONG THE HOLDERS OF DEFERRED SHARES AND THE HOLDERS OF EQUITY SHARES SO THAT THE HOLDERS OF DEFERRED SHARES RECEIVE A TOTAL OF ONE PENNY IN AGGREGATE (AS A CLASS), PAYMENT OF WHICH MAY BE MADE TO ANY HOLDER OF DEFERRED SHARES ON BEHALF OF THE CLASS, AND THE REMAINDER OF THE AVAILABLE PROFITS SHALL BE DISTRIBUTED TO THE HOLDERS OF EQUITY SHARES, SUBJECT TO ARTICLE 4.4 OF THE ARTICLES OF ASSOCIATION (PARI PASSU AS IF THE EQUITY SHARES CONSTITUTED ONE
| 8888888888888 | 88888888 | 888888 | 8888 |
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