Skip to main content
Book a call — £89
Menu

SH14 Form UK: Redenomination of Shares Explained

We're not a law firm — we help you find the right legal support. For advice on your situation, speak to a legal adviser or find a solicitor.

Part ofCompanies House Forms UK

Written by Brad Askew Solicitor (non-practising)
Brad is on the roll of solicitors of England & Wales but does not hold a practising certificate and does not provide legal advice.
Updated June 2026 · England & Wales
If your company has changed the currency in which its share capital is expressed, you will usually need to let Companies House know by filing form SH14. This is the standard notification used when a limited company converts shares from one currency into another, for example moving from sterling to euros or vice versa. The filing sits within a wider set of rules in the Companies Act 2006 that govern how share capital is recorded on the public register. Getting the paperwork right matters because the register is what third parties rely on when they look your company up. This page walks through what redenomination means in practice, when SH14 is the right form to use, what information you need to include, and how the filing fits alongside the board resolution that authorises the change. Brad Askew, Legal Tech Founder at LegalDocuments.co.uk, has pulled together the key points below.

What this document is

Redenomination of shares is the process of converting the nominal value of a company's issued shares from one currency into another. The shares themselves continue to exist, but the figure that sits against each share in the company's records is restated in the new currency using an appropriate exchange rate.

A company might do this to align its share capital with the currency it trades in, to simplify reporting for overseas investors, or to reflect a change in where the business operates. A redenomination does not, by itself, change the rights attached to the shares or the proportion of the company each shareholder owns.

What it does change is how those shares are described on the register and in the statement of capital. Because the public record needs to stay accurate, the company has a short window to tell the registrar what has happened.

Form SH14 is the mechanism for doing that, and it must be accompanied by an updated statement of capital showing the new position after the conversion.

How to use this document

  1. Check your articles and pass a resolution. Before filing anything, confirm that the company's articles allow a redenomination and that the decision has been taken in the correct way. In most cases this will be an ordinary resolution of the members, though the exact route depends on your constitution. Record the resolution and the date it was passed, because you will need that date later.
  2. Work out the new nominal values. Apply a spot rate or a suitable agreed rate to convert the existing nominal value of each share into the new currency. The rate used should be reasonable and justifiable, and the resulting figures should be recorded clearly so they can be entered on the statement of capital without ambiguity.
  3. Complete form SH14. Fill in the company number and name, then set out the details of the shares being redenominated, the resolution date, and the new nominal values. Double check that the figures tie up with your internal records, as mistakes here cause rejections and delay the update to the public register.
  4. Prepare the statement of capital. Alongside SH14 you must submit an up to date statement of capital reflecting the position after the redenomination. This needs to show the total number of shares, the aggregate nominal value, any amount unpaid, the particulars of rights for each class, and the breakdown per class of shares.
  5. File within one month. The filing must reach Companies House within one month of the redenomination taking effect. Missing this window can expose the company and its officers to penalties, so diary the deadline as soon as the resolution is passed and allow time for postal or online processing.

Common questions

If you're dealing with this kind of situation, speak to an experienced legal adviser who can walk you through it — from £89.

Common questions

Q Does redenomination change what shareholders own?
No. Redenomination restates the nominal value of shares in a different currency, but it does not alter the proportion of the company each shareholder holds or the rights attached to their shares. A shareholder with ten per cent of the equity before the change still holds ten per cent afterwards. What changes is the currency label on the nominal value shown in the register and the statement of capital.
Q How long do we have to file form SH14?
The Companies Act 2006 gives a limited company one month from the date the redenomination takes effect to notify the registrar. It is sensible to prepare the form and the updated statement of capital at the same time as the resolution, so the filing goes out promptly. Leaving it to the end of the month increases the risk of missing the deadline if something needs correcting.
Q What happens if we file SH14 late?
Late filing is a criminal offence under the Companies Act 2006, and both the company and its officers in default can be exposed to a fine. There may also be a daily default fine if the failure continues. For the current penalty levels, check gov.uk. Beyond the legal risk, a late filing also means the public register is out of date, which can cause issues with lenders, investors and due diligence.
Q Do we need a shareholder resolution or can directors decide alone?
In most cases a redenomination requires an ordinary resolution of the members, unless the articles provide a different route. Directors should check the company's articles first and take the decision in the way those articles require. The resolution itself should specify what is being redenominated and the conversion rate being applied, so the record is clear.
Q Is SH14 the right form for reducing share capital after redenomination?
No. SH14 is only for the redenomination itself. If the company also wants to reduce the redenominated share capital, for example to round figures into tidier amounts, there is a separate process and a different form (SH15) for that reduction. The two steps are often done together but they are filed separately and governed by different provisions of the Companies Act 2006.
Q Can SH14 be filed online?
At the time of writing, some Companies House share capital filings are paper only while others can be submitted through the online service. Check the current position on gov.uk before you prepare the filing, because the accepted method can change. Whichever route you use, keep a copy of the submitted form and the statement of capital with your statutory records.
Q Who signs form SH14?
The form is signed on behalf of the company, typically by a director or the company secretary. The person signing is confirming that the information on the form and the accompanying statement of capital is correct, so it should be reviewed carefully before it goes off. If figures do not match the underlying records, the registrar can reject the filing and ask for a corrected version.
If you're dealing with this kind of situation, speak to an experienced legal adviser who can walk you through it — from £89.

Sources

This guide is based on primary UK law and official guidance.

Brad Askew, Solicitor (non-practising)

Written & reviewed by

Brad Askew Solicitor (non-practising)

Brad is on the roll of solicitors of England & Wales but does not hold a practising certificate and does not provide legal advice. LegalDocuments.co.uk is not a law firm and does not provide regulated legal advice.

Full profile →SRA register ↗
Legal disclaimer
This article is for general information only. It is a tool to help you find your way — not legal advice, and not a substitute for speaking to a qualified adviser about your situation.