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SPARK STEAM LIMITED, with SIC code 35110, is involved in the production of electricity. This include Sign up to read more
| Allotment | Filed | Share Class | Round Size | Round Type |
|---|---|---|---|---|
2016-01-14 | £5.0M |
| Shareholder | Share class | Shares | Holding |
|---|---|---|---|
| P3P TEESSIDE HOLDINGS LIMITEDCORP | DEFERRED, ORDINARY | 7,037,800 | 100.0% |
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Capital raised per employee divides the equity SPARK STEAM 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. SPARK STEAM LIMITED has 2 distinct classes on file at Companies House; the rights attached to each are reproduced below as filed.
DEFERRED SHARES CARRY THE RIGHT TO A FIXED PREFERENTIAL DIVIDEND OF £0.01 PER ANNUM, SUBJECT TO THE DIRECTORS DETERMINATION TO DISTRIBUTE SUCH DIVIDEND. THEY DO NOT CARRY ANY RIGHTS TO RECEIVE NOTICE, ATTEND OR VOTE AT ANY GENERAL MEETING OF THE COMPANY. ON WINDING UP THE DEFERRED SHARES CARRY A PREFERENTIAL RIGHT TO BE PAID OUT OF THE ASSETS OF THE COMPANY AVAILABLE FOR DISTRIBUTION AN AMOUNT EQUAL TO £0.01 BUT DO NOT CARRY THE RIGHT TO PARTICIPATE IN ANY SURPLUS ASSETS OF THE COMPANY.
THE SHARES HAVE ATTACHED TO THEM FULL VOTING, DIVIDEND AND CAPITAL DISTRIBUTION (INCLUDING ON WINDING UP) RIGHTS; THEY DO NOT CONFER ANY RIGHTS OF REDEMPTION.
These are the directors and secretaries who have left SPARK STEAM 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.