Limited company and Voluntary Strike off

[DavMan]

Hello,

A business (Ltd Co) I was actively involved with has recently applied to companies house for volunatry strike off. I left the business in June 2011 to persue other business interests. I am a 15% shareholder in the business and resigned as a director in May 2011. I still hold a 15% shareholding. There are 3 other directors and shareholders in the business and it seems they have decided to close the business. For over 9 months I have received no communication whatsover from the other sharholders/directors as to what is happening within the business and no communication has been received in respect of closing the business. Can anyone guide me on what my rights are as a shareholder and stakeholder of the business?? Access to accounts information, can they do this without involving me etc ?

[Skyline D]

Don't know enough about this area to properly advise but as a shareholder you certainly have the right to inspect the books by appointment though not necessarily access to confidential information such as payroll. I would think you ought to be informed before a voluntary application wind up was submitted but I doubt you could actually prevent it with a holding of less than 25% unless you combined with someone else to take the percentage above that.

Might be worth contacting Companies House who may be able to offer some advice on this.