How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Alex J. Your Own Question
Alex J.
Alex J., Solicitor
Category: Law
Satisfied Customers: 3844
Experience:  Solicitors 2 years plus PQE
Type Your Law Question Here...
Alex J. is online now

I want to ask you the following: i have been since 2012 co

This answer was rated:

Hi, I want to ask you the following: i have been since 2012 co director of a UK company called Salkeld Investments Limited, here is the link:
But i have never been sent any audited or unaudited accounts. The other director (he has control over Salkeld) is ***** *****e and he has removed me as codirector last month, as i have found out on the above link.
As a director or codirector I am liable for Salkeld decisions, accounts, etc... from 2012 to 2016 but i have never been informed about payments etc, despite me asking for accounts. Now i have been removed as codirector and i dont want to accept that, can i protest against my removal and insist on being shown accounts of Salkeld Investments Ltd?

Hi, Thank you for your question and welcome. My name is ***** ***** I will assist you. Are you a shareholder of the company?

Customer: replied 1 year ago.
No i am not a shareholder.

Hi, Thank you. Without being a shareholder you cannot stop your removal, you are entitled to object to it. Is there a reason you want to see the accounts? Is the company potentially going insolvent?

Customer: replied 1 year ago.
Will i be liable for the companies accounts from 2012 to May 2016? If so then i need to see the annual accounts, right?

Hi, Thank you. If you did not sign off the accounts and had no influence in them being compiled then any personal liability is extremely unlikely. If the company went insolvent you would have to explain to a liquidator that you were not involved in the management of that company and you would like have to answer a questionnaire. The fact that you did not sign the accounts off and had nothing to do with the company management means you are very unlikely to have any personal liability.

Alex J. and other Law Specialists are ready to help you
Customer: replied 1 year ago.
Ok thanks Alex.