Confirmation statement made up to 10 September 2025
The dated shareholder statement used for the two founders' visible ordinary-share numerator.
Company evidence record
The reviewed Companies House documents identify OSSPREY LTD as UK company 15950199. Its 22 December 2025 allotment issued 741,036 Seed shares at £2.69892 each, implying £1,999,996.88 of consideration and 25.40% of the 2,917,833 post-issue shares. Applying the two founders' earlier disclosed 2,000,000 ordinary shares to that later denominator gives a 68.54% dated reference. The evidence does not disclose investor-by-investor Seed allocations, a current cap table, post-round cash or runway.
68.54%
Founder reference position
earlier holder numerator over later issued shares
7 months
Legal-close to announcement gap
December allotment versus July announcement
Evidence library
The dated shareholder statement used for the two founders' visible ordinary-share numerator.
The allotment filing that supplies the Seed-share count, price, post-issue denominator and filed class particulars.
The financing articles used to verify the Seed class's distinct rights and the company's identity and registered office.
The pre-financing accounts used only for the dated balance-sheet, company identity and registered-office snapshot.
Evidence boundary
Every finding stays tied to the reviewed documents. Transaction terms and ownership conclusions outside that record remain explicit limits.
The reviewed filings identify OSSPREY LTD as UK company number 15950199, incorporated on 11 September 2024 and registered in England and Wales.
The confirmation statement made up to 10 September 2025 attributes 1,000,000 ordinary shares to David Read and 1,000,000 ordinary shares to Nathaniel Barnard Dunning.
The 22 December 2025 allotment reports 741,036 Seed shares issued at £2.69892 each and 2,917,833 total shares after the issue.
The filed class particulars and adopted articles place Seed shares ahead of ordinary shares for repayment on a winding up while both classes carry voting rights.
The pre-financing accounts report £388 of current assets, £4,959 of short-term creditors, £2,254 of net liabilities and zero average employees at 30 September 2025.
The founders' disclosed holdings are dated 10 September 2025 while the issued-share denominator is dated 22 December 2025, so 68.54% is a dated reference rather than a synchronized or fully diluted cap table.
The reviewed record does not disclose how the 741,036 Seed shares were divided among Episode 1 Ventures, Osney Capital, Octopus Ventures or any other investor.
The class documents establish priority over ordinary shares but do not support a complete exit waterfall, return multiple, investor-by-investor payout or current voting-control conclusion.
The September 2025 accounts predate the December allotment and cannot establish post-round cash, spending, runway, workforce or current solvency.
Related analysis
Ossprey's $2.65m pre-seed was legally completed seven months before its announcement, with investors receiving 25.4% and downside protection.
Read the analysis