Company foul play

Monkey_Man_2 · 23 November 2017 at 11:23PM

Hi, I wonder if anyone can help me,

I have shares in a company I used to work for. The existing company has been renamed and a new company incorporated with the original name with same shareholders except me, so it is clearly the same company. Is there anything I can do to protect my shareholding?

Thanks,

Jim P

Sarastro · 23 November 2017 at 11:30PM

Your shares are still in the renamed company. You can't have shares in the new company (regardless of what it is called) unless you purchased them.

Monkey_Man_2 · 23 November 2017 at 11:51PM

Thanks for your reply. I appreciate my shares are still with the renamed Company, but I know it's been reformed to remove me as a shareholder and will receive the renamed companies contracts and assets - just hoping there's something I can do other than write it off.

Thanks

J

Thrugelmir · 24 November 2017 at 12:06AM

Monkey_Man wrote: »

Thanks for your reply. I appreciate my shares are still with the renamed Company, but I know it's been reformed to remove me as a shareholder and will receive the renamed companies contracts and assets - just hoping there's something I can do other than write it off.

Thanks

J

Assets have a value.

Minority shareholders are protected under company law. Seek advice.

Malthusian · 24 November 2017 at 12:07PM

Monkey_Man wrote: »

Thanks for your reply. I appreciate my shares are still with the renamed Company, but I know it's been reformed to remove me as a shareholder and will receive the renamed companies contracts and assets - just hoping there's something I can do other than write it off.

The contracts and assets should be transferred at fair value. If not you need to seek legal advice.

xylophone · 24 November 2017 at 12:43PM

Company foul play

Sounds more like fowl play as in given the bird....:eek:

But jesting aside

http://forums.moneysavingexpert.com/showthread.php?p=37506890#post37506890

Presumably you did check that you were on the register and have been receiving dividends?

If you have not received fair value, then you need to consult a solicitor specialising in company law.

Monkey_Man_2 · 25 November 2017 at 12:02PM

Many thanks for the replies I will seek advice as you suggest

Thanks

Company foul play

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