Recent content by habanero

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    High Court Enforcement Ltd

    High Court Enforcement is based on assets. If the company was the only liable party and it has no assets then enforcement is impossible. The fact that the company may be still active it is irrelevant. However, if you have assets of your company at your home address (or any address for that...
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    Does a director need to divulge the selling price of his shares to other shareholders

    Sorry to hijack somewhat but I'm in a similar situation. I cannot recall having a shareholders agreement. Would there be a standard form in the articles or should I have set one up when we registered the company? Any help would be greatly appreciated.
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    Credit Control

    I had a similar problem. After much research we used a Debt collector. However, all they did was send letters threatening court action which I'd already said to the debtor anyway. DC's have no real teeth and take a percentage of the debt anyway so I issued a claim via the governments own...
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    Co-Director wants out. What to do with shares...

    I dont want to appear to be uncoopertaive but if I tell you it may become obvious who we are, and I need to remain anonymous for now... Sorry :cool:
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    Co-Director wants out. What to do with shares...

    Dear David, Thank you very much for your detailed reply. The business is in a legal services industry. We are also very fortunate to only have 5 real competitors in the country. I would advise that the projected £500k (gross) profit is after the Directors have taken there minimal salary...
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    Co-Director wants out. What to do with shares...

    I will speak with my accountant but want some third party advice also. Yes, me and the other Director intend to buy her out. We are also the key Directors (without whom the business would fail) and she knows she can be replaced quit easily.
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    Co-Director wants out. What to do with shares...

    Hi all, I'm new here, so hope I'm posting this in the correct place.:) I started my company two years ago. There are 3 Directors, all with equal shares at 33%. Business has gone well and we estimate a 3rd year turnover of around £2M. Profit is expected to be around £500k. One Director is...
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