Serious loss of capital2 May 2025 12:55
Doesn't sound good to me. This is what Google says "A "serious loss of capital" generally refers to a situation where a company's net assets are significantly reduced, potentially leading to the company's inability to meet its obligations. In the context of public companies, this often triggers a duty for the directors to convene a general meeting to discuss the situation and consider potential solutions, according to the Companies Act 2006, as reported by Croner-i Tax and Accounting. Specifically, it typically means that the net assets are half of or less than the company's called-up share capital. ".