Shares owned by struck off Company
Discussion
One of the minority shareholdings in a Company I have interest in is owned by another Ltd co who are uncontactable - seems it's just a shell Co with 1 director
Seems they are about to be struck off
How do we buy these assets? Or the Company? Do we have to wait until a receiver is appointed? Or will the assets (the shares) just go to the Crown?
Seems they are about to be struck off
How do we buy these assets? Or the Company? Do we have to wait until a receiver is appointed? Or will the assets (the shares) just go to the Crown?
Edited by Big_Dan on Thursday 11th February 17:28
Thanks - I poked about and only saw the property stuff the first time
Seems like a right faff and 12 month delay, minimum charges etc etc
Would be easier to purchase the shell co before it's struck off I think
Seems an accountancy firm is the registered address, will try them as we don't have current contact details for the Director (a foreign national). Unless there's a better way?
Seems like a right faff and 12 month delay, minimum charges etc etc
Would be easier to purchase the shell co before it's struck off I think
Seems an accountancy firm is the registered address, will try them as we don't have current contact details for the Director (a foreign national). Unless there's a better way?
Check first what your companies articles and/or shareholder agreement says regarding the “death/incapacity” of a shareholder. If transfer needs to be notified and accepted by your company and isn’t before it’s strike off then essentially there is no legal owner of the shares and you may be able to cancel them down and hence increase the holding % of everyone.
If you try to buy before close you will obviously end up alerting the holder and potentially paying £ for them.
If you try to buy before close you will obviously end up alerting the holder and potentially paying £ for them.
Big_Dan said:
One of the minority shareholdings in a Company I have interest in is owned by another Ltd co who are uncontactable - seems it's just a shell Co with 1 director
Seems they are about to be struck off
How do we buy these assets? Or the Company? Do we have to wait until a receiver is appointed? Or will the assets (the shares) just go to the Crown?
If they're uncontactable, how are you going to contact them?Seems they are about to be struck off
How do we buy these assets? Or the Company? Do we have to wait until a receiver is appointed? Or will the assets (the shares) just go to the Crown?
Edited by Big_Dan on Thursday 11th February 17:28
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