Company ownership

[wiltshireboy]

Hi everyone,
I am new here and want to start with a simple question for all you experts.
Looking at a limited company I am interested in, I notice that there are two individuals with ownership. One owns 75% and the other 5%.
There are no other interested registered parties. Can you advise in what form the other 20% would be?
Sorry if this sounds simplistic.
Thanks

 

[MikeJ]

The waiter has it...

Something's wrong. The company must be totally owned.

 

[wiltshireboy]

MikeJ, Thanks. That's what I thought, but there are no other shareholders listed. Two shareholders, 75% and 5%. Could it be unissued shares?

 

[Mark T Jones]

MikeJ, Thanks. That's what I thought, but there are no other shareholders listed. Two shareholders, 75% and 5%. Could it be unissued shares?

Shareholders relates to issued shares - they are there somewhere!

 

[pentel]

It may be that the company has a share capital comprising 100 shares of £1 but has only issued 80 shares to date.

 

[MikeJ]

Where are you getting the information from? Can you post a link to Companies House?

 

[wiltshireboy]

It may be that the company has a share capital comprising 100 shares of £1 but has only issued 80 shares to date.

Thanks pentel, that is what I was hoping.

 

[wiltshireboy]

Where are you getting the information from? Can you post a link to Companies House?

The company is Portuguese. I have the info from Racius (Portuguese Dun & Bradstreet), with sight of current registration document.

 

[Ozzy]

Could it be possible that in Portugal there is no requirement to list anyone with a shareholding below 5% so there could be more than 20 other shareholders all with 1% each - perhaps?
I do not know the answer, I only know UK law, but if there is no errors then that would be a logical explanation similar to how the PSC (persons of significant control) rules work in the UK.