Why the client needed our help
Our client, a director and shareholder, had resigned as director of a company after being offered an agreed sum for his shares. However, after his resignation, the company reneged on its offer and cut him off from all financial information. It made a substantially lower offer for his shares for no good reason.
How we helped
We worked with the client to identify the best “leverage” to negotiate the best possible settlement for him. This was the threat of proceedings and a robust stance which left the company in no doubt that it could not simply drag its feet and / or seek to exit our client by paying an unreasonable sum for his shares. We set out a detailed and robust claim against the company and it was then that it came to the table and did everything possible to avoid what would have been costly proceedings for it.
Our shareholder experts managed to beat the original offer and reach a full and final settlement for our client without the need for court proceedings.
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