Thanks for the info so far. The other Director of the Holding Co. is also a Director of the Subsidiary as is his wife and basically they now control that company and it was they who forced my friend to relinquish his directorship and resign from his job. The Solicitors acting for the Subsidiary company are saying that my friend does not hold shares directly in Sub .Co. and therefore he is not entitled to request the information. Since MF(my friend) will be outvoted by the other two Directors in the Holding Co. I do not see an easy way forward.
I will talk to MF and let him know your advice so far.