Why the client needed our help
Our client was an equal shareholder in a successful, family-run holiday park in the UK which had been valued at up to £10m. The shareholders – who were all siblings – had reached a deadlock in the company as to the future of the business with each having different personal motivations and aims.
How we helped
The added sensitivities of this being a family-run business which had been profitable and successful through generations required careful handling, with particular mind for the sensitivities involved.
We were able to work with solicitors appointed by the other shareholder family members to achieve an outcome which satisfied both the commercial and personal aims of our client.
We successfully negotiated a resolution of the shareholder dispute which avoided costly winding up proceedings (which appeared inevitable at one point) concluding terms of agreement for the future of the business and disposal of individual personal assets in settlement of overall matters between the parties.
Supportive and friendly with partner-led involvement, I would recommend Francis Wilks & Jones to anyone facing a similar situation.A shareholder who turned to us after discovering that his co-shareholder was profiting well from their business while he was being paid a pittance. We helped him find a way out of the business by selling his shares