Spica Limited converts £68.4m of debt into equity

Spica Limited has converted £68.4m of debt into shares. The Leeds-based company (UK company #17269770) is a holding company that holds shares in other businesses rather than engaging in direct trading or specific industry operations.

The company filed an SH01 for this share issue, which was allotted in September. The transaction was used to settle, set off, or capitalise money the business owed, such as directors' loans or intercompany balances. This filing documents that the money was lent to the company previously and does not involve new money.

The company was incorporated in June.