Transferring shares between shareholders

What it does

A share transfer moves existing shares from one shareholder to another. The total number of issued shares is unchanged — what changes is who owns them.

Common occasions:

• A founder sells some shares to an investor in a secondary deal
• A shareholder gifts shares to a family trust
• An employee leaves and their shares are bought by a colleague

Before you start

Both shareholders must be on the s113 register. If the recipient isn't, admit them first via Company → Shareholders → Admit shareholder.

The transferring shareholder must hold enough shares of the relevant class. Blankitt checks this and refuses transfers that would take a holding negative.

How to record a transfer

1. Go to Company → Share Transactions
2. Click Transfer
3. Pick the From shareholder (the seller)
4. Pick the To shareholder (the buyer)
5. Pick the share class
6. Enter the number of shares being transferred
7. Set the transaction date
8. Optionally enter the consideration (the price paid) and currency
9. Add notes if helpful (e.g. "Secondary sale at Series A close — same price")
10. Click Transfer

Blankitt:

• Logs the transfer in Share Transactions (the audit trail)
• Decrements the seller's holding
• Increments the buyer's holding (or creates a new holding row if the buyer didn't already hold this class)
• Moves the paid-up value proportionally — if the seller was 100% paid-up on 1,000 shares (£1,000 paid up) and transfers 300 of them, £300 of paid-up moves with the shares

Total issued shares for the class are unchanged. No class-cache bump.

Tips

• "From" and "To" must be different. Use edit on the seller's row if you're just correcting a typo.
• Transfers in non-base currencies record both original and GBP-converted consideration (at the transaction-date FX rate when set).
• If you're recording a secondary sale that happened off the cap table (e.g. shareholders transacted privately), use the transfer flow rather than buyback + issuance — it preserves the holding-period continuity for tax purposes.