Guidance
Negligible value claims and agreements
Find out how to make a negligible value claim for unquoted shares, and check if shares formerly quoted on the London Stock Exchange now have negligible value.
What ‘negligible value’ means
For tax purposes there is no accepted definition of ‘negligible value’, but generally it applies to assets that have become worth next to nothing while someone has owned them.
Assets cannot have been of negligible value when you acquired them, they must have become of negligible value while you have owned them.
How to make a negligible value claim
If you can give evidence to HMRC that shows that your assets no longer have any value since you acquired them, you may be able to make a negligible value claim. You can use this to realise a loss to reduce your Capital Gains Tax liability.
Make a claim by either:
- writing to your tax office
- entering a negligible value on your tax return
Your tax office may ask the Shares and Assets Valuation team to consider your claim.
Negligible value claims for company shares and securities
If the company is in liquidation or receivership
You’ll need to give the following information:
- a statement of affairs for the company and any subsidiaries
- a letter from the liquidator or receiver showing whether any return will be made to the shareholders
- details of how this decision was reached (for example, a balance sheet showing significantly more debts than assets)
- any evidence that no recovery or rescue of the company is likely (for example, a statement that the company has ceased trading)
If the company is not in liquidation or receivership
You’ll need to give full and comprehensive information that shows that the shares or securities have become of negligible value.
Negligible value agreements and claims for previously quoted companies
HMRC publishes a list of shares and securities in companies that were previously quoted on the London Stock Exchange and that have been accepted as being of negligible value.
You can use it to find shares which have been declared as being worth negligible value up to and including 2831 FebruaryMarch 2022.
You’ll still have to submit your claim to HMRC if you own shares or securities for a company shown on the list.
A list is not published for:
- unquoted companies
- companies formerly quoted on the Alternative Investment Market and PLUS Market
- non-UK companies
How to use the Negligible Value Agreement list
To check if your shares or securities were quoted on the London Stock Exchange, and have been declared as being of negligible value, select the first letter of the company name in the Negligible Value Agreement list index.
The word ‘security’ represents the ownership interest held by the shareholders in a company, realised in the form of publicly traded stock or shares which includes ordinary shares and preferred stock.
The ‘effective date’ is the date that an agreement or transaction becomes binding, that is the date (or length of time) on which a claim to Negligible Value on the shown security is valid.
The ‘dissolved date’ is the date the company ceased to legally exist. You cannot make a negligible value claim on or after the date the company has been dissolved.
Negligible Value Agreement list index
Companies A to C
A
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| AB Airlines | Ord 3p | 5 Apr 2000 | 10 Aug 2002 |
| Abaca | Ord 5p | 1992 to 1993 | 30 Jul 2002 |
| Aberdeen Pref Income Trust plc | All | 6 Nov 2002 | |
| Aberdeen High Income Trust plc | All | 6 Nov 2002 | |
| Aberfoyle Holdings | Shs 8p | 1993 to 1994 | |
| ABI Leisure Group | Ord 10p | 1998 to 1999 | 5 Apr 2005 |
| Affinity Internet Holdings plc | Ords 10p | 28 Apr 2003 | |
| Afren | Ords | 31 Jul 2015 | |
| Airbreak Leisure Group | Ord 5p | 1992 to 1993 | 21 May 2002 |
| Airflow Streamlines plc | Ords 25p | 9 Feb 2006 | |
| AiRedale Holdings | 7.5p (net) First red pref 50p |
1992 to 1993 | 1 Jul 2003 |
| Airfix Industries | Ord 20p | 1980 to 1981 | 12 Feb 1991 |
| Alan Paul | Ord 5p | 1991 to 1992 | 17 Jul 2001 |
| Albemarle & Bond Holdings plc |
Ords | 16 May 2014 | |
| Albert Fisher Group (The) | All | 19 Aug 2002 | |
| Alexandra plc | Ord 10p | 29 Jul 2010 | |
| Allied Partnership Group | Ord 5p 10% Conv red pref £1 |
1992 to 1993 | 1992 to 1993 |
| Alpha Estates | Ord 5p | 1991 to 1992 | 11 Dec 2001 |
| Argonaut Games plc | Ords | 28 Feb 2005 | 12 Aug 2006 |
| Arley Holdings | Ord 25p | 1990 to 1991 | 20 Jul 1999 |
| ASW Holdings plc | All 11% Pref £1 |
17 Jan 2003 | 1990 to 1991 |
| Associated-Henriques | Ord 5p | 1990 to 1991 | 1 Jun 2004 |
| Astra Holdings | Ord 10p | 1991 to 1992 | 5 Dec 2006 |
| ATP Communications Group | Ord 5p 6.5% Conv Red Pref 1998/00 |
1993 to 1994 1993 to 1994 |
28 Aug 2001 |
| Atlantic Telecom | All | 2 Mar 2002 | |
| AT Trust | Ord 30p | 1990 to 1991 | 15 May 2001 |
| Audit & General | Ord 25p | 1991 to 1992 | 31 Aug 2004 |
| 11-3/4% Part Conv red pref 1994 |
1982 to 1983 | ||
| Authority Investments | Ord 20p 8% ConvUns Ln Stk 2006/11 |
1990 to 1991 1990 to 1991 |
15 May 2001 |
| Automotive Precision | All | 6 Jan 2005 | |
| Avaleaon plc | All | 21 Oct 2002 | 26 Aug 2003 |
B
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Babcock Prebon | Ord 10p 6.75p (net) Red Conv pref 20p 8.5p (net) Red Conv pref 20p |
1991 to 1992 1991 to 1992 1991 to 1992 |
15 May 2001 |
| Barget | Ord 25p | 1985 to 1986 | |
| Barings | 5-3/4% 1st Pref £1 7-1/4% 1st Pref £1 8% 1st Pref £1 8% 2nd Pref £1 8.25% Perpectual notes 9-3/4% N C Pref £1 |
1994 to 1995 1994 to 1995 1994 to 1995 1994 to 1995 18 Nov 2002 1994 to 1995 |
|
| Barrett (Henry) Group | Ord 10p all | 1992 to 1993 16 Oct 2001 |
11 Sep 2007 |
| Baron Corporation plc | 16 Jun 2005 | ||
| Berkeley Berry Birch plc | 10p Ords | 5 Apr 2006 | |
| Beckenham Group | Ord 25p Warrants to subscribe for Ord |
1995 to 1996 1995 to 1996 |
18 Jul 2006 |
| Beira Town Sites | SHS 7p | 1976 to 1977 | |
| Bennett & Fountain Group plc | All | 1997 to 1998 | 22 Jun 2004 |
| Bestwood | Ord 5p | 1990 1991 | 23 Mar 1999 |
| Beverley Group | Ord 1p | 1998 to 1999 | 1 Sep 2002 |
| Bioglan Pharma plc | All | 28 Feb 2002 | |
| Bimec Industries Ord 5p | 1994 to 1995 | 28 Jan 2003 | |
| Blanchards | Ord 10p | 1995 to 1996 | 9 Apr 1996 |
| Bom Holdings | Ord 2-1/2p 10% Pref 25p |
1989 to 1990 1989 to 1990 |
24 Jul 1992 |
| Bond Worth Holdings | Ord 25p 12% Conv pref £1 12% Conv UNS LN STK 1982 |
1978 to 1979 1978 to 1979 1978 to 1979 |
|
| Bradford & Bingley plc | For further details read Revenue and Customs Brief 16/09 |
Shares | 29 Sep 2008 |
| Brayhead | Ord 10p | 1975 to 1976 | 16 Jul 2007 |
| Brent Walker Group | Ord 10p Warrants to subscribe for Ord Var rate 2nd Conv red pref 2000/07 8.5% 3rd Conv Red Pref 2007/10 £1 8.5% 4th Red Pref 2007/12 £1 |
1997 to 1998 1997 to 1998 1997 to 1998 1997 to 1998 1997 to 1998 |
|
| British Chrome Tanning Co | Ord 25p 7-1/2% Pref £1 |
1977 to 1978 1977 to 1978 |
18 Mar 1985 |
| British Enkalon | Ord 25p | 1981 to 1982 | 15 May 2001 |
| Brittains | Ord 25p 4.2% Pref £1 9% Conv red 2nd Pref £1 7-3/4% UNS LN STK 1979/81 |
1980 to 1981 1980 to 1981 1980 to 1981 1980 to 1981 |
20 Jul 2004 |
| Broadwell Land | Ord 50p | 1990 to 1991 | 28 Jun 2005 |
| Brown (James) & Co | 6% Pref £1 | 1968 to 1969 | |
| Bulex | Ord 25p | 1973 to 1974 | 3 Oct 2000 |
| Bullers | All | 1998 to 1999 | 18 Jun 2002 |
| Burad Holdings Intl | SHS 10p A Ord 1p 12.75% Red Conv pref £1 |
1991 to 1992 1991 to 1992 1991 to 1992 |
1 Apr 2003 |
| Burns-Anderson Group | Ord 10p | 1992 to 1993 | 1 May 2001 |
| Butte Mining | Ords £500 (unlisted) | 1 Jan 1999 | |
| Butte Mining | 10% (net) Conv red Pref 10p |
1 Jan 1999 | |
| BV Group plc | All | 10 Jan 2005 | 25 Feb 2006 |
| Byard Holdings | Ord 10p | 1970 to 1971 | 31 Dec 1981 |
C
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Cabra Estates | Ord 25p | 1993 to 1994 | 18 Feb 2003 |
| Cadoro plc | Ord 1p | 1 Sep 1999 | 13 Apr 2006 |
| Calluna plc | Ord 5p | 19 Jan 2000 | 23 Sep 2005 |
| Cammell Laird Hdgs | Ords | 5 Apr 2002 | |
| Campari International | Ord 50p | 1996 to 1997 | 3 Sep 2002 |
| Campbell & Armstrong | Ord 5p | 1998 to 1999 | 11 Mar 2003 |
| Caravans International | Ord 20p | 1982 to 1983 | 28 Mar 1989 |
| Carillion plc | All | 15 Jan 2018 | |
| Carter & Carter Group plc | Ord 4p | 14 Apr 2008 | |
| Cawdaw Industrial Hdgs | Ord 25p | 1981 to 1982 | 16 Mar 1999 |
| Cedar plc | 5p Ords | 1 Jan 2005 | |
| Cellular Telecom Holdings | Ord 10p | 1995 to 1996 | 20 Jun 2000 |
| Century Securities | Ord 10p | 1976 to 1977 | 12 Dec 1989 |
| Chamberlain Phipps Group | Ord 10p | 1996 to 1997 | |
| Chancery | Ord 25p | 1992 to 1993 | |
| Charterhall | SHS 5p | 1990 to 1991 | 26 Jan 1999 |
| Chelsea Man | Ord 5p | 1995 to 1996 | 12 May 1998 |
| Chequers Group | Ord 5p | 1992 to 1993 | 16 Aug 2005 |
| C & H (Hotels) | Ord £1 | 1975 to 1976 | 21 Dec 1999 |
| Chadwick Webb Processing | All | 1999 to 2000 | 12 Mar 2002 |
| Circaprint Holdings | Ord 10p | 1991 to 1992 | 15 Jan 2001 |
| Citygrove | Ord 10p 7.75% Conv Red pref £1 |
1990 to 1991 1990 to 1991 |
28 Nov 2000 |
| City & Westminster Group | Ord 1p 10% Conv UNS LN STK 1998 |
1991 to 1992 1991 to 1992 |
9 Dec 1998 |
| Claims Direct plc | 1p Ord | 30 Jan 2003 | |
| Clarke Foods | Ord 5p | 1992 to 1993 | 6 May 2003 |
| Clark, Son & Morland | 7% 2nd Pref £1 | 1982 to 1983 | 17 Jan 2006 |
| Clearmark Group | Ord 25p | 1992 to 1993 | 20 Apr 1999 |
| Close FTSE 100 Trust plc | Capital and income shares only | 14 Oct 2004 | |
| CMW Group | Ord 5p | 1993 to 1994 | 29 Oct 2002 |
| Coal Investments | Ord 1p | 1996 to 1997 | |
| Colorgraphic | Ord 10p | 1992 to 1993 | 29 Aug 2007 |
| Coloroll Group | Ord 10p | 1990 to 1991 | 3 Jun 2003 |
| Conder Group | Ord 5p | 1992 to 1993 | 20 Jan 2006 |
| Consolidated Coal | Ord 1p | 1999 to 2000 | 19 July 2006 |
| Conviviality PLC | All | 2017 to 2018 | |
| Corton Beach | Ord 10p 7.5p (net) Conv Red pref 10p Conv red pref 1997/00 10p |
1990 to 1991 1990 to 1991 1990 to 1991 |
12 Aug 2003 |
| Courts plc | All | 15 Feb 2005 | |
| Cox Industries | Ord 10p | 1975 to 1976 | 6 Apr 2004 |
| Crossley Brothers | 7% N C PrefD Ord 25p DEFD Ord 25p 5% Pref 25p |
1966 to 1967 1966 to 1967 1966 to 1967 |
|
| Crown Communications | Ord 10p | 1992 to 1993 | 4 Apr 2000 |
| Crown Products Group | Ord 5p | 1997 to 1998 | 31 Jul 2000 |
| Crowther (John) Group | 5% Pref £1 | 1990 to 1991 | 23 Feb 1999 |
Companies D to F
D
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Danogue plc | 5p Ords | 1 May 2003 | |
| Datrontech Group plc | Ords | 6 Nov 2001 | 28 Nov 2006 |
| Dartmoor Invst Trust plc | Ords 10p | 31 Mar 2003 | |
| Dawson International plc | Ords | 9 Dec 2013 | |
| Debenhams plc | Ords | 13 Jun 2019 | |
| Delaney Group plc | Ord 2p | 2000 to 2001 | 15 May 2001 |
| Dennis (James H) | Ord 10p | 1984 to 1985 | 30 Sep 1999 |
| De Vries Ind Diamonds | Ord 5p 6-3/4% Conv LN STK |
1965 to 1966 1965 to 1966 |
|
| Dimplex Industries | Ord 5p | 1977 to 1978 | 26 Sep 2000 |
| Dollar Land Holdings | Ord £1 | 1971 to 1972 | |
| Dominion Intl Group | Ord 20p | 1989 to 1990 | |
| Donelon Tyson | Ord 10p | 1995 to 1996 | 15 Jun 2004 |
| Dorran Construction | Ord 20p | 1967 to 1968 | |
| Dreyfus & Co | Ord 20p 6% Pref £1 |
1966 to 1967 | 1966 to 1967 |
| Drings of Bath | Ord 0.2p (AIM) | 1998 to 1999 | 16 Jun 2004 |
| DTZ Holding plc | 5p Ords | 4 Dec 2011 | |
| Dunkeld Group | Ord 1p | 1993 to 1994 | 15 Feb 2000 |
E
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Eagle Trust | Ord 2.5p | 1989 to 1990 | 16 Nov 1999 |
| EC Cases | Ord 10p | 1985 to 1986 | 10 Apr 2001 |
| Egas | Ord 5p | 1969 to 1970 | |
| Egerton Trust | Ord 25p 7% Conv red Pref £1 9.75% 1st Red Pref £1 |
1991 to 1992 1991 to 1992 1991 to 1992 |
12 Aug 2003 |
| EIT Group | Ord 5p Warrants to subscribe for Ord |
1993 to 1994 1993 to 1994 |
23 Feb 1999 |
| Elbief plc | All | 16 Jan 2003 | |
| Elderidge, Stableford & Co | Ord 5p | 1974 to 1975 | |
| Elliott (E) | Ord 25p | 1983 to 1984 | |
| Endeavors plc | Ords | 26 Sep 2008 | |
| Energis plc | 10p Ords | 30 Sep 2002 | |
| Ennstone plc | Ord 25p | 2 Apr 2009 | |
| Enterprise Computer HDGS | Ord 10p | 1995 to 1996 | 12 Jun 2007 |
| Entertainment Rights plc | Ords | 1 Apr 2009 | |
| Equity & General | SHS 5p | 1990 to 1991 | 15 Jun 2004 |
| Erinaceous Group plc | Ords 0.5p | 23 Mar 2010 | |
| Erostin Group | Ord 25p | 1990 to 1991 | 3 Oct 2000 |
| Espley Trust | Ord 25p 11-1/2% Conv UNS LN STK 1968 |
1985 to 1986 1985 to 1986 |
11 Dec 2004 |
| Essex Furniture | Ord 5p | 1999 to 2000 | 24 Mar 2005 |
F
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Fairbairn Lawson | Ord 25p | 1980 to 1981 | 26 Feb 2001 |
| Fairfield Shipbuilding & Eng | 6% Pref £10 | 1965 to 1966 | 7 Sep 1999 |
| Fastrack Group plc | All | 2000 to 2001 | 9 Oct 2007 |
| Federated Housing | Ord 5p 9-1/2% Red Pref 1995 £1 |
1990 to 1991 1990 to 1991 |
28 Nov 2000 |
| Ferranti International | Ord 10p Special SH 1p 5.6% 1st Pref £1 3.5% 2nd Red Pref £1 3rd Pref £1 |
1993 to 1994 1993 to 1994 1993 to 1994 1993 to 1994 1993 to 1994 |
|
| Ferrari Holdings | Ord 25p 9.5% (net) Conv red pref £1 |
1990 to 1991 1990 to 1991 |
14 Dec 1999 |
| Fii Group plc | Ord 25p | 21 Oct 2005 | |
| Flare Group plc | Ord 5p | 31 Mar 2001 | 7 Sep 2007 |
| Fobel International | Ord 10p 8% UNS LN STK 1988/93 |
1991 to 1992 1991 to 1992 |
2 Dec 2004 |
| Ford Sellar Morris Props | Ord 20p | 1992 to 1993 | 3 Nov 2004 |
| Forth Investments | Ord 2p | 1991 to 1992 | 1 Mar 1996 |
| Framlington Health & Income Fund | All | 9 Mar 2004 | |
| Framlington Split Income Trust | Ord 10p and Zero Pref 10p | 6 Apr 2004 | 15 May 2006 |
| Full Circle Industries | Ord 1p | 1999 to 2000 | 1 Apr 2003 |
Companies G to I
G
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Gartmore Balanced Assets Trust | All | 13 Oct 2004 | |
| Gartmore Distribution Trust | Ords | 15 Mar 2004 | |
| Gartons | Ord 10p 7-1/2% Pref £1 |
1983 to 1984 | 1983 to 1984 |
| Gaskell plc | Ord 5p | 22 Nov 2007 | |
| GBE International | Ord 10p | 1999 to 2000 | |
| Gearhouse Group plc | All | 8 Jan 2003 | |
| Geared Income Securities | All | 29 Apr 2003 | |
| Geared Income Inv Trust plc | All | 10 Apr 2003 | |
| Geared Opportunities Income Trust | Ords | 15 Mar 2004 | |
| GEI International plc | All | 11 May 2001 | 11 Apr 2006 |
| General Eng Co (Radcliffe) | SHS 10p | 1979 to 1980 | 6 Apr 2004 |
| Globe Petroleum | Ord £1 | 1996 to 1997 | 30 Sep 2003 |
| Globo Plc | ords | 10 Nov 2015 | 28 Jan 2017 |
| Godwin Warren Ctrl Systems | Ord 25p | 1988 to 1989 | 27 Apr 1999 |
| Goldman H Group | Ord 25p 9-1/4% GTD UNS LN STK 1982 |
1986 to 1987 1986 to 1987 |
|
| Goldring | Ord 10p | 1976 to 1977 | |
| Govett European Enhanced Inv Trust plc |
1p Ords | 31 Aug 2005 18 Jul 2006 | |
| Govett European Technology & Income Trust plc |
Ords | 31 Aug 2005 | |
| Great Western Consolidated | SHS A$1 | 1970 to 1971 | |
| Greaves Organisation | Ord 10p | 1977 to 1978 | 31 Jan 2004 |
| Greenhills | Ord 1p (AIM) | 1996 to 1997 | 2 Jan 2001 |
| Grovebell Group | Ord 5p 7.5% Conv Red Pref £1 |
1986 to 1987 1986 to 1987 |
18 Apr 1999 |
| Grovewood Securities | Ord 25p 8% Conv UNS LN STK 2000/03 |
1991 to 1992 1991 to 1992 |
9 Apr 2002 |
| Guardian Group | Ord 5p | 1994 to 1995 | |
| Guiterman(s) & Co | Ord 10p 5-1/2% Pref £1 |
1966 to 1967 1966 to 1967 |
H
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Hampson Industries plc | 25p Ords | 4 Dec 2012 | |
| Handley Page | Ord 25p 6% Pref £1 8% Conv UNS LN STK 1976/78 |
1969 to 1970 1969 to 1970 1969 to 1970 |
3 Jul 2001 |
| Hanover Druce | Ord 10p 6.75% Conv UNS LN STK 1976/78 |
1991 to 1992 1991 to 1992 |
30 Nov 1999 |
| Hardanger Properties | Ord 10p | 1991 to 1992 | 4 Apr 2000 |
| Harland Simon Group | Ord 10p | 1993 to 1994 | 27 Mar 2001 |
| Hartle Machinery Intl | Ord 25p | 1979 to 1980 | 23 Feb 1999 |
| Hartley Baird | Ord 5p | 1991 to 1992 | 16 Mar 1999 |
| Hay & Robertson plc | All | 17 Feb 2004 | |
| Health Clinic plc (The) | All | 12 Dec 2002 | |
| Healthcare Holdings | Ord 10p | 1993 to 1994 | 24 Oct 2000 |
| Heenan Spark | Ord 10p | 1975 to 1976 | 18 Dec 1990 |
| Helene plc | All | 5 Apr 1998 | 9 Mar 2004 |
| Helm Chocolate (Holdings) | 7% Red pref £1 | 1969 to 1970 | |
| Henlys Group plc | All | 23 Jun 2004 | |
| Heritage | Ord 10p | 1996 to 1997 | |
| Herman Smith | Ord 10p | 1985 to 1986 | 9 Apr 2002 |
| Heywood Williams Group plc | Ords | 18 Nov 2009 | |
| H.M. Holdings | Ord 25p | 1988 to 1989 | 26 Oct 2007 |
| HMV Media Group | Ords | 20 Dec 2013 | |
| Hollas Group (The) | Ord 5p | 1998 to 1999 | 18 Dec 2001 |
| Honobilt Group | Ord 5p | 1990 to 1991 | 10 Apr 2001 |
| Hughes Food Group | Ord 5p | 1991 to 1992 | 6 Mar 2007 |
| Humphreys | Ord 25p | 1970 to 1971 |
I
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Independent Energy Holdings plc | All | 15 Nov 2000 | 9 Apr 2007 |
| Independent Insurance Group plc | All | 5 Apr 2002 | |
| International Food Machinery | Ord 2p | 1995 to 1996 | |
| International Resort Holdings | Ord 25p | 1992 to 1993 | 1 May 2007 |
| Intersolar Group | Ords and Prefs | 17 Jan 2004 | 19 Apr 2005 |
| Intu Properties plc | All | 8 Oct 2020 | |
| Investment & Property HDGS | Ord 25p | 1976 to 1977 | 11 Feb 1994 |
| Irevolution Group plc | All | 14 Jan 2004 | |
| Israel - British Bank | Ord £10 | 1974 to 1975 |
Companies J to L
J
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Jarvis plc | Ord 5p | 26 Mar 2010 | |
| Jasmin plc | Ord 25p | 18 Mar 2004 | |
| Jessel Trust | Ord 25p | 1976 to 1977 | 22 Feb 2002 |
| John Foster & Son plc | Ord 25p | 17 Aug 2002 | |
| John Lusty Group plc | All | 10 Oct 2002 | |
| Jove Investment Trust | CAP | 16 Dec 2004 |
K
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Keatway International | Ord 10p | 1992 to 1993 | 31 Aug 2004 |
| Kendell | Ord 0.5p | 1997 to 1998 | |
| Kentish Property Group | Ord 5p | 1989 to 1990 | 5 Jun 2001 |
| Knowledge Management Software plc | All | 1 Nov 2002 | 9 Dec 2003 |
| Kurunegala Holdings | Ord 7-1/2p | 1972 to 1973 | 6 Apr 2004 |
L
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Lane Fox & Co | Ord 20p | 1975 to 1976 | 7 Apr 1987 |
| Leading Leisure | Ord 5p | 1990 to 1991 | 9 Jan 2007 |
| Leeds United plc | 1p Ords | 19 Mar 2004 | 31 Oct 2006 |
| Leggmason Investors American American | Ord 0.1p | 18 Nov 2003 | |
| Leggmason Investors Income & Growth | All | 15 Mar 2004 | |
| Leggmason Investors Strategic Assets Trust plc | Ord 1p | 25 Feb 2003 | 5 Jan 2005 |
| Leggmason Inv Strat Assets Sec plc | ZDP Shares | 28 Nov 2004 | |
| Leicester City plc | All | 27 Feb 2003 | |
| LEP Group | Ord 2p | 1 Jan 1996 | 31 Aug 2005 |
| Lesney Products | Ord 5 RES VTG Ord 5p 7-1/2% Pref £1 |
1982 to 1983 1982 to 1983 1982 to 1983 |
26 Aug 2002 |
| Leveraged Income Fund Limited | Zero Dividend Preference Ords |
3 Dec 2007 | 3 Dec 2007 |
| Lewson International | Ord 12-1/2p | 1976 to 1977 | |
| L Gardner Group plc | Ords | 1 Mar 2003 | 19 Feb 2008 |
| Lightship | Ord 20p | 1994 to 1995 | 28 Mar 2000 |
| Lilley | Ord 12.5p | 1992 to 1993 | |
| Lister & Co | Ord 25p 5% Pref £1 4% DEB STK Red |
1999 to 2000 1999 to 2000 1999 to 2000 |
|
| Litho Supplies plc | Ords | 21 Jul 2010 | |
| London & Liverpool Trust | Ord 10p | 1984 to 1985 | 23 May 2000 |
| London Mining plc | All | 16 Oct 2014 | |
| London Scottish Bank plc The Government has ensured that the retail depositors will receive their monies deposited in full. However, it does appear that this will not apply to the unsecured creditors. |
10p Ords | 8 Oct 2010 | |
| London United Investment | SHS 20p | 1990 to 1991 | |
| Lord (Cyril) | Ord 25p 6-1/2% Red Pref £1 |
1968 to 1969 | 1968 to 1969 |
| Lowndes Queensway | Ord 5p | 1990 to 1991 | |
| Lyle Shipping | Ord 25p PrefD Ord 5p 6-3/4% Pref £1 |
1988 to 1989 1988 to 1989 1988 to 1989 |
16 May 1997 |
| Lyon & Lyon | 5-1/2% (now 4.1% net) Pref £1 |
1990 to 1991 | 21 Dec 1999 |
Companies M to O
M
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Mackie International Group | Ord 10p | 1998 to 1999 | |
| Mahoney (Martin) & Brothers | B Ord IR 25p | 1978 to 1979 | |
| Main (A&J) & Co | Ord £1 | 1972 to 1973 | 6 Oct 1987 |
| Marchpole Holdings plc | Ords | 1 Jul 2009 | |
| Marconi | Ord 5p | 19 May 2003 |
For Capital Gains Tax purposes the receipt of the Marconi Corporation shares and warrants will be treated as a part disposal of shares in Marconi plc.
In calculating the allowable expenditure to be used in the chargeable gains computation the base cost is to be apportioned using part disposal formula A/A+B.
The A element will be the value of the Marconi Corporation shares and warrants received, the B element will be nil.
| Martin Currie High Income Trust plc | All | 5 Apr 2003 | 9 Jun 2007 |
| Mason & Barry | SHS 25p | 1968 to 1969 | 20 Jun 1989 |
| Maxwell Communication Corpn | Ord 25p | 1991 to 1992 | |
| McLaughlin & Harvey | Ord 25p | 1998 to 1999 | |
| Media Zeros plc | All | 14 Oct 2004 | |
| Melody Mills | Ord 25p | 1982 to 1983 | 25 Jan 2000 |
| Melville Group | Ord 1p | 1994 to 1995 | 31 Oct 2006 |
| Meteor Technology | Ord 10p Warrants to subscribe for Ord |
1998 to 1999 1998 to 1999 |
27 Nov 2001 |
| Mettoy Co | Ord 25p DEFD Ord 25p |
1984 to 1985 1984 to 1985 |
29 May 2001 |
| Mice Group plc | Ords | 20 Dec 2007 | |
| Midland & Scottish Resources | All | 1998 to 1999 | 20 Apr 2006 |
| Milbury | Ord 25p | 1985 to 1986 | 7 Sep 2007 |
| Miller Fisher Group plc | 5p Ords | 30 Apr 2003 | 28 Feb 2006 |
| Miller (Stanley) Holdings | Ord 10p | 1990 to 1991 | 29 Jan 2002 |
| Miskin Group | Ord 1p | 1997 to 1998 | |
| Mitchell Construction HDGS | Ord 25p 7% Pref £1 |
1972 to 1973 1972 to 1973 |
28 Sep 2004 |
| Modern Eng Bristol (Hldgs) | Ord 25p | 1984 to 1985 | 19 Aug 2003 |
| Mountleigh Group plc | Ord 25p 6-1/2% Pref £1 |
1992 to 1993 1992 to 1993 |
|
| Motor Rail | Ord 25p | 1980 to 1981 | 15 Dec 1987 |
| Mouchel Group plc | Ords 0.25p | 28 Aug 2012 |
N
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Navan Mining plc | All 5.25% Conv Red Pref £1 |
5 Apr 2003 1992 to 1993 |
3 Jul 2007 |
| Newgate Trust | Ord 1p | 1993 to 1994 | 22 Jan 2002 |
| Newmark (Louis) | Ord 25p | 1996 to 1997 | |
| New Star Enhanced Income Trust plc | All | 3 Sep 2003 | 1 May 2005 |
| Norbury Insulation Group | Ord 25p | 1973 to 1974 | 22 Jun 2004 |
| Norfolk House Group | Ord 5p | 1990 to 1991 | 5 Sep 2000 |
| Northborough Inv Trust | Ord 25p | 1979 to 1980 | 18 May 1999 16 Feb 1999 |
| North British Locomotive Co | Ord £1 5% Pref £1 5% A Pref £1 |
Nil at 6 Apr 1965 Nil at 6 Apr 1965 Nil at 6 Apr 1965 |
|
| Northern Rock plc | Shares | 22 Feb 2008 | |
| Norton Group | Ord 12.5p | 1992 to 1993 | 17 Oct 2000 |
| Northumbrian Fine Foods plc | Ords 5p | 20 Aug 2001 | |
| Norvic Securities | Ord 10p 8% Conv Uns Ln Stk 1982 |
1981 to 1982 1981 to 1982 |
16 Oct 1990 |
| Nova (Jersey) Knit | Ord 20p | 1985 to 1986 | |
| Novalal | Ord 5p | 1992 to 1993 | 22 Jan 2002 |
| NSM | Ord 25p | 1997 to 1998 |
O
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| On Demand Information | Ord 1p | 1998 to 1999 | 23 Sep 2006 |
| Opus Holdings | Ord 20p | 1966 to 1967 | |
| Oxford Virology | Ord 5p | 1992 to 1993 | 29 Apr 2007 |
Companies P to R
P
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Palma Group (aka Pex) | All | 2000 to 2001 | 8 Sep 2007 |
| Palmerston Holdings plc | Ords | 11 Oct 1995 | |
| Panfida Group | Ord 25p | 1992 to 1993 | |
| Paradise (B) | Ord 10p | 1982 to 1983 | 5 Apr 2005 |
| Parkfield Group | Ord 2p Red pref 2010/13 £1 |
1990 to 1991 1990 to 1991 |
|
| Partners Holdings | All | 2000 to 2001 | 17 Jun 2003 |
| Patent Industrial Group | Ord 25p | 1976 to 1977 | 9 Jan 2001 |
| Pavilion Leisure | Shs 10p | 1991 to 1992 | |
| Pavion International | Ord 25p 5-1/2% (now 3.85% net) Pref £1 7-1/2% (now 5.25% net) Pref £1 |
1991 to 1992 1991 to 1992 1991 to 1992 |
7 May 2002 |
| Pawson (WL) & Son | Ord 5p | 1981 to 1982 | 24 Oct 2000 |
| Peak Investments | Ord 10p | 1980 to 1981 | 11 Oct 1989 |
| Pennant Properties | Ord 10p Ord 10p |
1990 to 1991 1994 to 1995 |
8 Apr 2003 |
| Pentos | 4-1/2% Pref £1 | 1994 to 1995 | 17 Jul 2007 |
| Peters (Michael) Group | Ord 25p | 1990 to 1991 | 4 Apr 2000 |
| Pex see Palma Group | |||
| Photobition Group plc | 5p Ords | 31 Oct 2001 | |
| Pickles (William) | Ord 10p A NON VTG Ord 10p 5-1/2% Pref £1 |
1983 to 1984 1983 to 1984 1983 to 1984 |
12 Jun 2001 |
| Planestation Group plc | Ords | 11 Jul 2006 | |
| Plastiseal | Ord 5p | 1992 to 1993 | 1 May 2001 |
| Po Na Na Group plc | All | 1 May 2003 | 14 Aug 2007 |
| Polly Peck International | Ord 10p 6% Conv Red Pref £1 |
1991 to 1992 1991 to 1992 |
|
| Premier UK Dual Return Trust plc | 0.1p Capital Shares | 16 Jan 2009 | |
| Pressac plc | Ords | 14 Jun 2006 | |
| Principal Hotels Group | Ord 5p 11% Conv UNS LN STK 1994/98 |
1991 to 1992 1991 to 1992 |
10 Sep 2002 |
| Prospect Industries | Ord 1p | 1997 to 1998 | 1 Jul 2003 |
Q
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| QSP Group plc | Ord 0.2p | 17 Oct 2001 | 3 May 2005 |
| Quilter Global Eenhanced Income Trust plc | All | 3 Oct 2003 | 11 Oct 2005 |
R
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Rackwood Mineral Holdings plc | All | 29 Apr 1999 | 14 Apr 2003 |
| Rage plc | 1p Ords | 19 Mar 2003 | |
| Reece plc | All | 20 Mar 2003 | 30 Dec 2003 |
| Regent Corpn | Ord 1p 34.2% Pref £1 |
1998 to 1999 1998 to 1999 |
16 Jan 2001 |
| Regent Inns plc | Ords | 10 Dec 2010 | |
| Reliant Group | Ord 10p | 1991 to 1992 | 16 Mar 1999 |
| Renaissance Holdings | Ord 25p Warrants to subscribe for Ord 8.5% Conv UNS LN STK 1994 |
1991 to 1992 1991 to 1992 1991 to 1992 |
6 Aug 2002 |
| Rentminster | Ord 5p | 1992 to 1993 | 25 Jan 2000 |
| Resort Hotels | Ord 50p 12.375% 1st MORT DEB STK 2016 |
1994 to 1995 1994 to 1995 |
28 Aug 2007 |
| Revalation Picadilly Holdings | Ord 2.5p | 1998 to 1999 | 23 Nov 2004 |
| Richards & Wallington Ind | Ord 10p DEFD 10p |
1981 to 1982 1981 to 1982 |
13 Jul 1999 |
| Rippingilles | Ord 25p | 1971 to 1972 | 28 Mar 1989 |
| Rivington Reed | Ord 25p 9-1/2% Conv Red Pref £1 |
1980 to 1981 1980 to 1981 |
22 Aug 2000 |
| RKF Group | Ord 10p | 1990 to 1991 | 27 Sep 2005 |
| Rockfort Group | Ord 20p | 1991 to 1992 | 8 Jan 2005 |
| Rockwood Holdings | Ord 10p 8.5% (net) Conv Red Pref £1 |
1990 to 1991 1990 to 1991 |
29 Jul 2003 |
| Rosehaugh | Ord 20p | 1994 to 1995 | 10 Dec 2002 |
| Rotaprint | Ord 1/2p | 1987 to 1988 | 3 Jun 1993 |
Companies S to U
S
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Save Group plc | All | 10 Jan 2002 | 13 May 2008 |
| Sale Tilney | Ord 25p 5% Red NON VTG Pref £1 |
1992 to 1993 1992 to 1993 |
1 May 2007 |
| Sauniere plc | Zero Div Pref | 8 Apr 2005 | |
| Scotcross | Ord 25p 6-1/2% Red Pref £1 6% UNS LN STK 1986/88 |
1984 to 1985 1984 to 1985 1984 to 1985 |
8 Aug 2006 |
| Scotia Holdings plc | Ord 5p | 29 Jan 2001 | |
| Scott (David) Group | SHS 10p | 1983 to 1984 | 12 Sep 2000 |
| Scottish Heritable Trust | Ord 25p | 1993 to 1994 | |
| SCS Satellite Comms Systems | Ord 20p | 1997 to 1998 | 30 Jul 2002 |
| Second Scottish National Trust plc | Ords | 24 Sep 2004 | |
| Security & General Media | All | 1998 to 1999 | 23 Aug 2005 |
| Sharp & Law | Ord 10p Red conv pref 1995 10p |
1989 to 1990 1989 to 1990 |
16 Oct 2001 |
| SLG Realisations plc | Ord 1p | 7 Mar 2003 | |
| SnackHouse plc | Ords | 11 Oct 2001 | 17 Jan 2006 |
| Sock Shop International | Ord 5p | 1990 to 1991 | 23 Apr 2004 |
| Solex | A RES VTG SHS 50p |
1985 to 1986 | 9 Aug 1995 |
| Sonic Sound Audio Holdings | Ord 10p | 1982 to 1983 | |
| Sound Diffusion | Ord 5p 7.25% Conv Red Pref £1 |
1988 to 1989 1988 to 1989 |
11 Apr 2006 11 Apr 2006 |
| South Green Holdings | All | 1997 to 1998 | 13 Nov 2001 |
| Solvera | All | 1999 to 2000 | 4 Apr 2007 |
| Sparrow, Hardwick | 7% Pref £1 | 1983 to 1984 | 4 Dec 2001 |
| Spencer (George) | Ord 25p | 1989 to 1990 | 18 Jun 2001 |
| Speyhawk | Ord 10p 9.75% Red pref 2014 £1 |
1993 to 1994 1995 to 1996 |
25 Sep 2001 |
| Sportsworld Media Group plc | All | 17 Jan 2003 | 25 Feb 2009 |
| St David’s Investment Trust plc | All | 24 Jun 2004 | 3 Dec 2008 |
| Staflex International | SHS 25p | 1978 to 1979 | 11 Feb 2003 |
| Stoddard International plc | Ord 10p 4% Cumulative Pref £1 |
6 Jan 2005 6 Jan 2005 |
|
| Stone-Platt Industries | Ord 25p Conv PrefD Ord 25p 4.3% Pref £1 |
1981 to 1982 1981 to 1982 1981 to 1982 |
5 Jun 2001 |
| Storedale plc | All | 29 Sep 2006 | 16 Feb 2008 |
| Sturla Holdings | Ord 2p 6-1/2% Pref £1 |
1984 to 1985 1984 to 1985 |
24 Jul 1989 |
| Sunleigh plc | Ords | 7 Jun 2001 | 8 Dec 2008 |
T
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Tams (John) Group | Ord 10p | 1999 to 2000 | 13 May 2008 |
| Thames Investment & Securities | Ord £1 12% Conv Red Pref 75p |
1985 to 1986 1985 to 1986 |
22 Dec 1987 |
| The Mayflower Corporation | Ords 5p | 31 Mar 2004 | |
| The Media & Income Trust plc | Ords 2.5p | 15 Mar 2004 | |
| The Monthly High Income Trust plc | Geared ords | 4 Dec 2003 | |
| The Quarterly High Income Trust plc | Ords 2.5p | 15 Mar 2004 | |
| The Quarterly High Income Trust plc | Zero dividend prefs | 6 Oct 2005 | |
| The Technology & Income Trust Limited | Ord 1p | 5 Apr 2005 | |
| The Yorkshire Group plc | All | 7 Oct 2004 | |
| Timberweb plc | All | 5 Apr 2002 | 27 Aug 2003 |
| Total Office Group | Ord 5p | 1999 to 2000 | 12 Apr 2005 |
| Transtec | All | 1999 to 2000 | |
| Tranwood | Ord 5p | 1991 to 1992 | 13 June 2000 |
| Trilion | Ord 10p | 1992 to 1993 | 19 Sep 2000 |
| Triumph Investment Trust | Ord 25p | 1974 to 1975 | 18 Jun 2002 |
| Trust plc | |||
| Turriff Corpn | Ord 25p 5-1/2% Pref £1 |
1991 to 1992 1991 to 1992 |
6 Sep 2003 |
U
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Union International | 6% Pref £1 7% Pref £1 |
1995 to 1996 1995 to 1996 |
10 May 2004 |
| Uno | All | 1999 to 2000 | |
| Utility Cable | Ord 1p | 1989 to 1999 | 2 Nov 2007 |
Companies V to Z
V
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Vanco plc | Ord 5p | 29 Jul 2008 | |
| Versailles Group | Ord 1p | 2000 to 2001 | |
| Viners | Ord 1p Ord 10p 4.9% Pref £1 10% Conv red SECD LN STK 1988 |
1982 to 1983 1982 to 1983 1982 to 1983 1982 to 1983 |
27 Mar 2001 |
| Virtuality Group plc | All | 12 Apr 2002 | 7 May 2005 |
| Vista plc | All | 1998 to 1999 | 11 Feb 2000 |
| Vocalis Group plc | Ords | 11 Aug 2004 | 7 Feb 2006 |
| Voice Recognition Software | Ord | 11 Aug 2004 | 7 Feb 2006 |
| Vosper | Ord LTD VTG 25p |
1986 to 1987 | 6 Dec 1999 |
W
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Wakebourne | Ord 40p | 1997 to 1998 | 24 Oct 2000 |
| Ward Group | Ord 5p | 1992 to 1993 | |
| Warner Estate Holdings plc | Ords | 28 Feb 2014 | |
| Warringtons | Ord 25p | 1991 to 1992 | |
| Waterford Wedgwood UK plc (Please note that as well as the UK listing this company was also listed on the Irish Stock Exchange from 17 Dec 2008 until 5 Jan 2009.) |
Stock units | 29 Apr 2010 | |
| Wayrol | Ord 2p | 1995 to 1996 | 31 Aug 2005 |
| Weatherly International plc | Ord 5p | 29 Jul 2018 | |
| Wescol Group plc | All | 8 Jan 2003 | 22 Aug 2006 |
| Westerly | Ord 10p 11% Pref £1 |
1991 to 1992 1991 to 1992 |
28 Jan 2003 |
| Weston Medical Group plc | Ord 1p | 28 Feb 2003 | |
| West Industries | Ord 5p | 1992 to 1993 | 3 Aug 1999 |
| Willaire Group | Ord 20p | 1992 to 1993 | 10 Jul 2001 |
| Fixed rate Conv red pref 2p |
1992 to 1993 | ||
| Williams (Ben) & Co | Ord 10p 6% pref £1 |
1984 to 1985 1984 to 1985 |
30 Aug 1988 |
| Williams Hudson | 4-1/2% pref £1 | 1982 to 1983 | 14 Aug 2007 |
| Williams Hudson | Ord 20p 8% pref £1 8-1/2% Conv UNS STK 1990/95 |
1982 to 1983 1982 to 1983 1982 to 1983 |
14 Aug 2007 |
| Williams (John) Industries | Ord 25p | 1992 to 1993 | 6 Nov 2007 |
| Woolworths Group plc | Ords | 26 Feb 2009 | |
| World of Leather | All | 1999 to 2000 | |
| World Telecom | Ord 2p | 1999 to 2000 | |
| W Ribbons Holdings | Ord 10p 10% Conv red Pref 1995/96 £1 |
1984 to 1985 1986 to 1987 |
9 Aug 2005 |
| Wyatt (Woodrow) (Holdings) | Ord 5p | 1983 to 1984 |
X
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| XL Communications | Ord 5p Warrants to subscribe for ord |
1998 to 1999 1998 to 1999 |
Y
| Company | Security | Effective date | Dissolved |
|---|---|---|---|
| Yorkshire Food Group | Ord 10p | 1997 to 1998 | 12 Aug 2005 |
| Yorkshire Group plc | All | 10 Oct 2004 |
Published 25 June 2014
Last updated713 MarchApril 2022
+ show all updates
Last updated
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The ‘Negligible value agreements and claims for previously quoted companies’ section has been updated, to show you can use the HMRC list to find shares that have been declared as being worth negligible value up to and including 31 March 2022.
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The date in the section 'Negligible value agreements and claims for previously quoted companies' has been updated. HMRC's list of shares which have been declared as being worth negligible value is now valid up to and including 28 February 2022.
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HMRC's list of shares which have been declared as being worth negligible value has been updated to be valid until 31 December 2021.
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The list of companies that have been accepted as being of negligible value has been updated.
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The date in the section 'Negligible value agreements and claims for previously quoted companies' has been changed to 31 July 2021.
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The date in the section 'Negligible value agreements and claims for previously quoted companies' has been changed to 30 June 2021.
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The date in the section 'Negligible value agreements and claims for previously quoted companies' has been changed to 31 May 2021.
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Guidance about negligible value agreements and claims for previously quoted companies has been updated.
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Guidance about negligible value agreements and claims for previously quoted companies has been updated.
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A new Negligible Value Agreement has been added to the list. The date in the section 'Negligible Value Agreements and claims for previously quoted companies' has been changed to 28 February 2021.
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The date in the section 'Negligible value agreements and claims for previously quoted companies' has been changed to 31 January 2021.
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The date in the section 'Negligible value agreements and claims for previously quoted companies' has been changed to 31 December 2020.
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A new negligible value agreement for Debenhams plc has been added to the list and the date in the section 'negligible value agreements and claims for previously quoted companies' has been changed to 30 November 2020.
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The date in the section 'Negligible value agreements and claims for previously quoted companies' has been changed to 31 October 2020.
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The date in the section 'Negligible value agreements and claims for previously quoted companies' has been changed to 30 September 2020.
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The date in the section 'Negligible value agreements and claims for previously quoted companies' has been changed to 31 August 2020.
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The date in the section 'Negligible value agreements and claims for previously quoted companies' has been changed to 31 July 2020.
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The date for when shares can be declared as being worth negligible value has been amended.
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The date for when shares can be declared as being worth negligible value has been amended.
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A new Negligible Value agreement has been added to the list.
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A new Negligible Value agreement for Weatherly International plc has been added.
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There were no new Negligible Value agreements added to the list between February 2019 and December 2019.
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Information about how to make a negligible value claim has been updated.
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Information about what negligible value means and how to make a negligible value claim has been added.
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There were no new Negligible Value agreements added to the list during January 2019.
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There were no new Negligible Value agreements added to the list during December 2018.
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There were no new Negligible Value agreements added to the list during October 2018.
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There were no new Negligible Value agreements added to the list during June 2018.
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A new Negligible Value agreement for Carillion plc has been added to the list.
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A new Negligible Value agreement for GLOBO PLC has been added to the list.
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First published.