Yes, there is 2 directors and 4 shareholders (x2 husband and wife teams)
My husband has been trading as a sole trader for many years as plant hire/groundworks contractor. When we started the other company in 2012 we were to supply plant and the other director had architect contacts. During a year there would not always be enough work for both my husband and other director, perhaps for 7 months of the year. During this time my husband as sole trader would do projects not related to golf course construction in anyway. All parties were made aware of this at the start. Enabling the other director to continue with the small projects as the company. This way all parties would have an income and ability to pay bills. The way they have gone about it is wrong and obtained this very large contract of 10 months using the portfolio built up within the golf course construction industry together. They have left us no choice but to complete the work commitments alone and no doubt will expect dividends. As of the end of October there are no future contracts assigned to the company. As far as we are aware they are using the emails and website of the original company. Our intention is to part company
The company has to remain trading for at least another 12 months as retentions on some of the contracts. Have thought about them buying us out to be honest. Yes thankfully we still own our plant and in process of building the sole trader business back to where it was over 3 years ago.