A reduction of capital occurs when your A private company limited by shares incorporated and registered in England and Wales. reduces its The total nominal value of a company's shares. References to a company’s share capital can be read as references to all of that company’s shares. or capital reserves. Reducing your A private company limited by shares incorporated and registered in England and Wales. 's The total nominal value of a company's shares. References to a company’s share capital can be read as references to all of that company’s shares. is a technical legal process, most commonly carried out in conjunction with advice from tax advisers and accountants. This section contains an explanation of when your A private company limited by shares incorporated and registered in England and Wales. might want to consider reducing its The total nominal value of a company's shares. References to a company’s share capital can be read as references to all of that company’s shares. , and an introduction to the legal process you will need to follow in order to do so.