Limited companies don’t have partners. Limited companies have directors and shareholders. Partnerships have partners.
The issue of being a shareholder and being a director are totally separate.
Someone can be a shareholder without leaving a director and can also be a director without really shareholder.
For example, someone may own shares in BT but may not be a director. The directors may not necessarily own shares in the company they work for.
When he says “with immediate effect” could well be in breach of contract although you may want to get rid of him immediately and provided he agrees, you can do that. He may be entitled to payment and holiday pay but that would be for you to agree between you.
If he is agreeable you are agreeable for him to go immediately, it should be put down to a compromise agreement on which he takes legal advice and is on which you tell him that he will no longer be able to access company email or the bank or anything else. Tell him that you will be contacting all suppliers and customers and advising that that he no longer works for the company and giving the new contact.
You should also put a notice into the London Gazette because that is a “notice to the world”.
Regarding the accountant, you put it in writing and simply ask directly. Say the less personal longer works for the company and you are concerned that there is a potential conflict of interest with the accountant in respect of both those interests and for the accountant to confirm that he has no involvement with the ex-director.
In the legal profession, ever conflict of interest arises, the solicitor must stop acting for both parties, it cannot simply choose just one. I don’t think it’s the same with accountants but you would be entitled to know whether the ex-director is a client of theirs or not and you then make your own mind up as to whether you want to stay with the accountant or not.
Can I clarify anything for you?
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