Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Consolidation definition

What does Consolidation mean? In company law, consolidation (also called a share consolidation or reverse share split) is a share capital reorganisation in which a company combines existing shares into a smaller number of shares with a higher nominal value, typically without changing the aggregate nominal value of the issued share capital or shareholders’ proportional interests (subject to fractional entitlements). Example: five 5p shares become one 25p share. The power to consolidate shares is provided by legislation (Companies Act 2006 in the UK and Companies Act 2014 in Ireland) and is usually exercised by ordinary resolution, with implementation by the board in...

Consolidation, minor and experimental traffic regulation orders in England and Wales: procedures for publicity, objections, phased implementation and revocation

Published by a LexisNexis Local Government expert

Practice notes

This Practice Note builds on the guidance in Practice Note: Road traffic—traffic regulation order procedure and notices. It sets out which amendments to earlier road traffic orders can be folded into a Consolidation or Minor order, outlines why making such an order can be beneficial, and cross-refers to the Local authorities’ Traffic Orders (Procedure) (England and Wales) Regulations 1996 (the Traffic Orders Regs 1996), SI 1996/2489. It also clarifies that an experimental traffic order (ETO) operates as a trial scheme for traffic control, and summarises the publicity and objections regime that governs it.

Consolidation and minor orders

A road traffic order that simply gathers previous traffic orders into a single instrument should not attract controversy, as it, by definition, leaves the street’s traffic position materially unchanged. Accordingly, regulation 21 of the Traffic Orders Regs 1996, SI 1996/2489, allows a lighter-touch approach to the publicity required for consolidation orders. That more flexible treatment also applies to orders that do alter the on-street regime, provided any alteration is only minor...

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Brendon Lee

HCR Law

Brendon is a Partner in the Planning and Highways Environmental Team at HCR Law. He deals with a range of contentious and non-contentious planning and environmental matters encompassing planning control and heritage assets, highways and related public access issues, and compulsory acquisition orders. Brendon is a member of the Compulsory Purchase Association, UK Environmental Law Association, and the Institute of Public Rights of Way....

Web page updated on 21/05/2026

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