Those other shareholders

At the Public Accounts Committee the DWP representative admitted that he didn't know who the other shareholders are.  Well, we can enlighten him.  According to the latest filed documentation, A4e Ltd has 5 ordinary shareholders listed.  They are:

• Emma Harrison - 85.5%
• Mark Lovell, chairman of A4e - 6.5%
• Stephen Boyfield, non-exec director of A4e - 0.43%
• Roy Newey, former director of A4e - 0.43%
• Action for Employment Trustees Ltd. - 7.1%

The last company was formed in 2009 but was dormant in 2011.  It was then revived, and the latest returns show that it has two directors, Emma Harrison and Mark Lovell.  There is only one share, and that is held by A4e Ltd.


I am not qualified to work out what is going on here.