Hi, I’ve just discovered this fabulous forum and I’m hoping for a bit of guidance please! I’m not a businessman, apologies if this makes little sense. Four of us are shareholder/directors of a small Ltd company with no other employees. MD has 50.4% shareholding, Bod B 24.8%, Me 16.4%, Bod D 8.4%. Assets = £160k (essentially what’s in the bank + what’s owed by customers - what’s owed to suppliers), liabilities (remaining leases on building & equipment) = £60k. The company has been making a loss for a number of years. MD wants to retire and wants the company to buy back his shareholding. I have two questions: How much do we offer him? 50.4% of £160k, ie £80k? Or do we offer him what he would be likely to walk away with if the company was liquidated, ie 50.4% of £(160-60-??)? It’s a loss-making company and it is highly unlikely anybody from outside the company will be interested in his stake; Could the MD unilaterally wind up the company against our (3) wishes? Really hoping for some help please! Cheers, Andy.