The Resolver

The Resolver

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Regular Poster From Chester and London
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  • The Resolver
    After 15 years advising on UKBF about company law and on how to resolve shareholder disputes, its time to go live."The Resolver Live" will be held online on May 12th (5pm to 7pm.) All attendees receive a free Shareholders Agreement to avoid many of the problems UKBF members report. More details at www.tinyurl.com/The-Resolver.
    D
    Hi, I have posted my problem regarding removing a non shareholder director from my company and was advised that you may be able to guide me in the actions that I should take. I woud welcome some help if you are able to advise.
    B
    Hi - I have an issue with my 50% co-director and you have been suggested as someone that could possibly help me. Any chance we can talk?
    The Resolver
    Yes of course. Email brief details about the issue to [email protected] with your phone number. and I will call you . It maybe tomorrow. Please give me your name and the name of the company
    L
    Hello Graham , How do I PM , Id like initial help on a Shareholder Dispute, I have posted my post under the Legal area (Lisa Wareham) many thanks
    S
    Hello Graham,
    I would like to say how grateful I am to you for returning my call especially doing so late into the evening.
    I have found your advice invaluable and very informative.
    Thank you for your help.
    D
    Hi Graham, I've recently posted re whether a shareholder agreement will help settle a dispute I have with my business partner. Have been advised to contact you for advice - thanks
    L
    I was advised to message you & ask for your advice, my uncle was forced out of his company in sept 2015, he & another were 50% / 50% partners in the company. What has transpired since is that the other director has fraudulently removed him as a director without his consent. Its logged with companies house & states he resigned but he did not, any advise you could offer would be most appreciated.
    Lee
    The Resolver
    Posting at CH does not make what is false true.So long as your father has not signed a Resignation nor been removed by shareholder vote then he remains a director.There is a rectification procedure but your father may have to go to court for an order to amend.As 50% owner your father can cause difficulty when begins to exercise his powers. I specialize in these cases.Your father is welcome to call me - 07885 728801
    B
    Hello Graham,

    @Bob suggested I should speak to you about my situation. Unfortunately, I cannot afford a lawyer as I am flat broke. Any advice will be greatly appreciated. I will make 2 posts on your profile due to a character limit.

    Here's the situation:

    - The company turns £2.5 million annually
    - There are 4 shareholders in the company (5%, 5%, 5%, 85%)
    - All shares are ordinary
    - I own 5% of the shares
    B
    - The majority shareholder wants all minority shareholders to sign a shareholders agreement
    - I refused to sign it because it doesn't protect me
    - Today I was told that I must sign the shareholders agreement or a special resolution will be issued and my shares will be purchased for pennies.

    How is this even possible? What are my rights? What can I do? What should I do?

    Thank you very much in advance for any advice.
    S
    hi mate - I have just logged on and saw your response to my post about competitions. Just thought I would say thanks for the really detailed post - really appreciate it.
    M
    Hi Graham

    Hope you can help. I sell on Amazon and have my own trademark and packaging. I worked very gard in getting good reviews. Im selling a I phone 5 USB cable but selling it as a lightening to USB cable.

    Amazon are ignoring my infringement request, they recently got back to me with below email: Meanwhile other sellers are destroying my reputation by undercutting my product on price and selling an inferior product.

    They are selling counterfeit and amazon are doing nothing about it. I have emailed the sellers but they just dont care and dont respond. PLease advise what I can do?

    Dear Mabs,

    Thank you for coming back with your email.

    I have investigate this matter and the member of the leadership has contacted our legal department.

    We have some technical issues with submitting infringement claims as no ID`s are generating.

    I will need to ask you to be patient please and we will provide you an update when we will have some new information.

    Thank you very much for your understanding and patience in this important matter.

    Thank you for selling with Amazon.

    Martin
    Amazon.co.uk Seller Support
    O
    Hello Graham

    Bbbbb advised I posted the following on your wall, any information you can help me out with would be much appreciated.


    Hello

    Im very new to the forum, and need some advice on partnership.

    I need some advice regarding partnership.

    I have been working for a Ltd company now for the in the region of 3 years, the company is currently made up one of one singular director and everyone else is employees. Recently I have pushed the MD to become a partner and have some sort of share in the businesss. .
    This we have both agreed on has to happen going forward as I am becoming and taking a large role in the running of the business.

    We are trying to devise a method of me buying in without having to outlay a lot of money which I dont have. I predict the company is worth in the region of 400k ish and I would looking for a 10-20% share initially, has anyone come across or have any ideas how this can work without me having to outlay the 40-80k needed for the purchase of the share.

    Any ideas of experiences would be much appriciated.

    Regards
    C
    Hi there, someone on the forum has suggested I contact you. He says you may be able to offer advice. My post is a bit lengthy so haven't copied it here but if you have a few minutes, I would be incredibly grateful if you could take a look.
    Many thanks,
    Gill.
    D
    Dear Graham,

    Many thanks for taking the time to reply. Here's an outline of our situation:

    The company runs a website, which is the business
    There are 4 directors
    2 of the directors own 51% of the company
    The 2 directors with the majority share want to sell the website to another company that they pretty much own (which runs a magazine with the same name as the website)
    Myself and the other director received an email from the company (the magazine) that wants to purchase the site, stating that the website directors with the majority share had agreed to sell the site to them and had agreed a price already
    There was absolutely no negotation over this - the first myself and the other director in the quiet new about it, was when we received the email

    Am I obliged to just go along with the sale?

    I should confess (as you can probably tell from the outline) that all four of us are hopelessly naiive when it comes to business matters. When the company was set up, there was no formal agreement, only a very top level email detailing the different stakes in the company that we all had.

    Even more hopeless - the two directors wanting to sell were never formally registered as such with companies house, because they failed to send personal details to the company secretary.

    All a bit tricky!

    Any top level advice or gut feel would be greatly appreciated. Though I understand if this is the kind of thing you would usually charge to advise on.

    I take note of the mediationroom too by the way - great idea for a site, and nicely put together.

    Best wishes,
    Dave.
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