SH01Source stored · extraction verifiedFiled 30 May 2025 · 6 pages
Series B return of allotment
The prior-round allotment used as the consistent price, cash, stake and issued-share valuation baseline.
Active at the evidence cutoffUnited KingdomVerified registry identity
Company evidence record
INFORCER LTD
The reviewed Companies House filings identify INFORCER LTD as UK company 14146319. Its May 2025 Series B allotment implies a £145.11 million post-money value. The February 2026 Series C allotment records 440,003 new shares at £83.1696, implying £36.59 million of primary cash, a 12.61% post-round issued-share stake and a £290.17 million post-money value. Two SH08 filings then show 220,002 existing ordinary shares redesignated as Series C, making old shares one-third of the eventual 660,005-share class. The filings do not identify the holders, consideration or purpose of those redesignated shares and do not establish a secondary sale, beneficial ownership or a fully diluted cap table.
33.33%
Old-share portion of Series C
after both redesignations
Evidence library
Documents behind the record
SH01Source stored · extraction verifiedFiled 13 Mar 2026 · 9 pages
Series C return of allotment
The primary Series C allotment used for the filed cash, stake, pre-money and post-money calculations.
MASource stored · extraction verifiedFiled 18 Mar 2026 · 72 pages
Articles of association adopted 4 February 2026
The adopted constitutional document reviewed for the Series C investor-director right and distribution priority.
SH08Source stored · extraction verifiedFiled 18 Mar 2026 · 2 pages
First Series C redesignation notice
The first notice showing existing ordinary shares moved into the Series C class on the primary allotment date.
SH08Source stored · extraction verifiedFiled 4 Jul 2026 · 2 pages
Second Series C redesignation notice
The second notice completing the reviewed 220,002-share old-share component of Series C.
Evidence boundary
What the filings establish, and what remains unresolved
Every finding stays tied to the reviewed documents. Transaction terms and ownership conclusions outside that record remain explicit limits.
Established by the record
- 01
The Series B return records 527,006 shares at £50.0134 and 2,901,478 post-allotment shares, implying £26.36 million of primary cash and a £145.11 million post-money value.
- 02
The Series C return records 440,003 shares at £83.1696 and 3,488,858 post-allotment shares, implying £36.59 million of primary cash, a 12.61% primary stake and a £290.17 million post-money value.
- 03
The filed Series C share price is 66.29% above the Series B price, while the issued-share post-money measure is 99.96% higher.
- 04
Two SH08 filings record 191,736 and 28,266 existing ordinary shares redesignated as Series C, for a combined 220,002 old shares.
- 05
The adopted articles give the Series C investor majority a director appointment right and place Series C ahead of ordinary and B ordinary shares in the reviewed liquidation or return-of-capital waterfall.
Not established by the record
- 01
The implied valuations apply the filed preferred-share price to the issued-share denominator; they are not company-announced valuations and are not fully diluted calculations.
- 02
The SH08 filings establish class redesignation but do not identify the affected holders, any buyer or seller, consideration or commercial purpose.
- 03
A redesignation is not proof of a secondary transaction; the old shares may reflect rights alignment, internal reclassification or another implementation step.
- 04
The reviewed filings do not establish current beneficial ownership, individual control, voting agreements or a complete fully diluted cap table.
- 05
The Series C preference and director right describe contractual class rights; they do not guarantee a return or prove that any named holder exercises practical control.
Related analysis
Inforcer Doubled Its Implied Valuation As Old Shares Entered Series C
Inforcer's filed Series C nearly doubled its implied value in nine months, while one-third of the preferred class came from existing ordinary shares.
Read the analysis