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Insight to any possible rights

2 replies

vodkaplease · 14/09/2018 21:30

I'm a 25% share holder in my xh limited company. We split nearly 5 years ago.
I know the company has done well especially these past 2 years. And I have never received a penny.
My question is... can I see the accounts without having to pay an online company for this privilege?
He's told me they're all online, but I can only see the one you pay £10 for each update.
My main reason for questioning it now is I've been told he's "legally" managed to make a couple of hundred grand disappear?

OP posts:
prh47bridge · 14/09/2018 23:33

You can view the filed accounts for any company at Companies House - beta.companieshouse.gov.uk/. It currently seems to be free to look at documents online but there used to be a small cost.

Just because the company is doing well doesn't necessarily mean you will receive anything. You will only get payment if the company declares a dividend. He could pay all the profits to himself in the form of a salary.

You do, however, have some rights as a minority shareholder. You have the right to call a general meeting. You have the right to have the accounts audited at the company's expense. You may have other rights in the company's Articles of Association - you can get these from Companies House. And if, having exercised your rights, you find you are being treated unfairly you may be able to take the matter to court. If you end up going down that route I would strongly recommend taking proper legal advice.

prh47bridge · 14/09/2018 23:34

Having said that, I'm a little surprised you still have shares in his company after the financial settlement. Are you sure that you still own these shares and that they weren't transferred to him?

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