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Graham, MANY thanks for your calm, measured and thoughtful post. And apologies for only seeing it today! Feel free to use this case for anything you want - some good might come from the mess!
Update: I formally requested return of or payment for the equipment from the former Director. He...
Great stuff - all it needed was a gentle reminder! :-)
Is there a handy reference point to find out what an administrator is/does? I thought the IS was the same thing in my ignorance!
MANY thanks for your input, very useful.
Sounds vaguely similar to a situation I am in. If he can go off and work on his own, so can you - so long as you take care of your director's fiduciary duties in the existing company. You certainly need to take advice on how to do it and protect yourself. AIUI you can then seek to liquidate the...
I have been a director of a company that has traded for over 6 years. I had two other smaller shareholders who were also directors and employees of the company. We were involved in raising finance to undertake a large TV project. It took time to raise finance for the first 25% of the project (13...