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I need to ask my accountant about the articles.
I didn't know at the time but Ellie, the person I want the shares back from told my other partner Jean a lot of lies about me including, I'm a drug user, an alcoholic, I abused my wife...etc all lies...so my other partner didn't want to work with me any more. I wanted to have 100% of the shares. Ellie was going to leave so I gave her furniture, office equipment and a laptop for the shares. She now says that she wants to keep them because Jean and I have worked out what she was doing. But I never got the agreement in writing
The company currently owes me about £40k and my other partner about £20k. it is only breaking even at the moment and we are not taking a wage.
We can grow the company but don't want to do it while the other person has the shares. I will let you know about the articles when my accountant replies. Thank you for your help
She has said she will take action if we do that.
No we didn't make one. I wanted to do but the others didn't.
I gave her what she wanted for her shares and I know other people know that. Could I just tell my accountant to put hem into my name and make her take action to prove that she didn't ?
9 days ago I sent her an email saying that she has 15 days to pay the £24 for the shares, or she will forfeit them. Does it have to be from a solicitor ?
The email was dated and she replied that day, saying she believes I should have paid for them as I gave them to her.
I know several people were aware that we had the deal had taken place. I'll ask tomorrow if anyone can confirm it.
My accountant will tell you the other information you need.
I really appreciate your help
Can I send you a PDF of the company articles ?
It wont let me copy and paste ? Dave
This is the reply from my accountant. it appears not ?
The shares were allotted to you all on the formation of the company. There has been an annual return done since then, confirming the shareholdings. That is all we have done!
I did send her an email giving her 15 days to pay for them but it was just in an email. So yes please, I would like to know the correct way to deal with this .
Can I send it by email or does it have to be by post ?
I sent her a message before but i didn't give her the chance to pay be installments....it's only £24
Thank you Alex.you have been very helpful.
This has cost me all of my money, I need to get out of this situation.
Thank you for your assistance.
I did as you advised with the call for the shares, if I converted my loan into shares do I have to give her the option of doing the same ? If I do that and she refuses to put more money in, can I then dilute her shares ? I think this is what you said ?