diff --git a/src/toolbar_gui.cpp b/src/toolbar_gui.cpp
--- a/src/toolbar_gui.cpp
+++ b/src/toolbar_gui.cpp
@@ -204,8 +204,7 @@ static void PopupMainToolbMenu(Window *w
 
 /** Enum for the Company Toolbar's network related buttons */
 static const int CTMN_CLIENT_LIST = -1; ///< Show the client list
-static const int CTMN_NEW_COMPANY = -2; ///< Create a new company
-static const int CTMN_SPECTATOR   = -3; ///< Show a company window as spectator
+static const int CTMN_SPECTATOR   = -2; ///< Show a company window as spectator
 
 /**
  * Pop up a generic company list menu.
@@ -223,10 +222,6 @@ static void PopupMainCompanyToolbMenu(Wi
 
 			/* Add the client list button for the companies menu */
 			list.emplace_back(new DropDownListStringItem(STR_NETWORK_COMPANY_LIST_CLIENT_LIST, CTMN_CLIENT_LIST, false));
-
-			if (_local_company == COMPANY_SPECTATOR) {
-				list.emplace_back(new DropDownListStringItem(STR_NETWORK_COMPANY_LIST_NEW_COMPANY, CTMN_NEW_COMPANY, NetworkMaxCompaniesReached()));
-			}
 			break;
 
 		case WID_TN_STORY:
@@ -608,14 +603,6 @@ static CallBackFunction MenuClickCompany
 			case CTMN_CLIENT_LIST:
 				ShowClientList();
 				return CBF_NONE;
-
-			case CTMN_NEW_COMPANY:
-				if (_network_server) {
-					DoCommandP(0, CCA_NEW, _network_own_client_id, CMD_COMPANY_CTRL);
-				} else {
-					NetworkSendCommand(0, CCA_NEW, 0, CMD_COMPANY_CTRL, nullptr, nullptr, _local_company);
-				}
-				return CBF_NONE;
 		}
 	}
 	ShowCompany((CompanyID)index);