I am a shareholder in the UK. I have never seen th

[***] off ripped off

Didn't find your answer?

I have a 25% stake in a company.. The other shareholder has a million pound house... I have nothing.. I set the business up and you haven't got to be a genious.. How do I prove it.. 

Replies (21)

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By David Ex
24th May 2024 18:25

I’d refer to the shareholder agreement you very sensibly put in place when you went into the arrangement with the other shareholder(s).

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JCACE
By jcace
24th May 2024 18:51

I'm not sure what you want to prove. You will know the history of the company and hopefully have a record of why you hold 25% of the shares and the other shareholder has 75%. Is his house somehow related to your company?

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By Ruddles
24th May 2024 19:27

How do you prove what?

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Replying to Ruddles:
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By Tax Dragon
25th May 2024 05:53

And to whom?

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By David Ex
24th May 2024 20:50

Not entirely sure what the question is but I’m pretty clear that the answer is speak to a solicitor.

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By AdamJones82
24th May 2024 21:44

Come back when sober and type again

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By FactChecker
24th May 2024 23:43

"I set the business up and you haven't got to be a genious."

Well that's good to know ... without the insight of a genius (who happens also to be a clairvoyant and therefore instinctively knows all the missing details here), I'm left to ponder:
- if you set it up, why have you only got 25%? / what did other fella bring to the party? / and as already mentioned what does the SHA say?
- is there meant to be some link between those shareholdings and your very different financial states? / any evidence that anything is being extracted from the company? / or indeed of work performed or investments made by either of you?

"How do I prove it?" ... buy him a pint and compare bank statements?

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RLI
By lionofludesch
25th May 2024 09:00

You need a lawyer, not an accountant.

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By bernard michael
25th May 2024 09:46

Don't the annual accounts give some idea whether his good fortune is based on your joint company .......................or perhaps he just won the lottery

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Replying to bernard michael:
RLI
By lionofludesch
25th May 2024 11:47

I think the fella was trying to say he'd never seen any before the 50 character limit beat him.

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By Leywood
25th May 2024 10:03

If only you had taken some advice before you started.

It doesn’t take a genious (sic) to write sentences that make sense, so there is perhaps a clue in your post as to what has gone wrong.

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Replying to Leywood:
By Ruddles
25th May 2024 10:13

“A fool and his money …”

One doesn’t have to be genius to understand that a 75% shareholder is likely to get far more out of a profitable company than a 25% shareholder.

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Replying to Ruddles:
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By FactChecker
25th May 2024 11:31

... potentially, depending on shares structure & rights, ALL of the dividends - whilst ensuring the liabilities are shared.

But I don't suppose anything's real in OP's fantasy world?

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By Paul Crowley
25th May 2024 17:57

Simple answer is that with 25% shareholding you are not even a person with significant control.
Hence you cannot demonstrate that you have that shareholding by looking on the companies house website.
The company may even have issued further shares diluting your percentage.
It is possible that your could look at the company formation documentation at companies house, that might show the start position.

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Replying to Paul Crowley:
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By bernard michael
28th May 2024 09:47

Paul Crowley wrote:

Simple answer is that with 25% shareholding you are not even a person with significant control.
Hence you cannot demonstrate that you have that shareholding by looking on the companies house website.
The company may even have issued further shares diluting your percentage.
It is possible that your could look at the company formation documentation at companies house, that might show the start position.


The first Confirmation Statement should show the original shareholdings
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By paul.benny
27th May 2024 10:09

Presumably the OP is still hunting down his copy of the shareholder agreement and all the other documentation that might help us to give better answers.

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Replying to paul.benny:
By Ruddles
27th May 2024 11:48

Somehow I doubt that very much. More likely that he has sobered up and realised what a pile of tosh his 'question' was.

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By Mr_awol
27th May 2024 13:03

Thomas John Patrick farrelly wrote:

you haven't got to be a genious.. How do I prove it.. 

I think you've done that already TBH

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Replying to Mr_awol:
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By Paul Crowley
27th May 2024 20:11

Nice one

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Replying to Mr_awol:
By JCresswellTax
28th May 2024 10:14

Brilliant

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By JCresswellTax
28th May 2024 10:11

Thats an interesting story.

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