sti-04!!

I know i should be speaking to Companies house but its late on a Sunday

Whats the easiest & quickest way of removing a director from your company & whats the youngest you can add a director ??

Ta

Sonic'

not sure, but I have been reading up on the Directors Mandate recently in readiness

sti-04!!

Source please ?

Sonic'

Directors Mandate was from Companies House website


About Us - Guidance

Only really says what a Director is responsilbe for

here are the other docs on Companies House

About Us - Guidance

Turbohot

I found this on a business forum Sack a director - UK Business Forums - the UK's most active help and advice forum for owners, managers and entrepreneurs of small businesses and startups.

I believe that you would have to hold Special Board Meeting, and vote against the Director you feel is performing poorly; however, if there are directors, there MUST be a legal shareholder agreement, as companies house ask for this information annually and this show who holds what percentage of shares; the percentage and value of these shares is also shown in LTD company accounts each year.

You can offer to buy the other director out in return for his resignation (there is a form that Companies house issue or is available for download from Companieshouse.co.uk) which is simpler, as remember that as a Director, they are also an employee of the company and can bring an unfair dismissal claim if you try to 'sack' them; they could resign as an emplyoee, but rightfully retain their shares - this means that you would have to pay them dividends each year as technically their shares are part of the capital of the company.......

The director to be added can't be less than 16 yrs of age.

Hope this helps, Stephen. If not, at least I tried

sti-04!!

Thanks S

It'll help sort an issue

Turbohot

PS: The link in first glance didn't say it was for small businesses. So, please don't think I automatically guessed the size of the company you are talking about. Nevertheless, the rules to "remove" adirector (if not "sack" as such) can't be much different, I suppose?

Turbohot

No prob, S

Sonic'

There are some good docs on the shares too, as I have been reading up on those too

oadamo

iTrader: (1)

a director can be sacked at anytime but if he has a shares and doesnt want to give them up your fcuked you will never be able to pay your self dividends.without paying him you can pay yourself a wage and not him. but if he was getting dividends and you stop paying them you leave yourself open to get screwed. how many shares has he got.
adam

sti-04!!

~Bottom line ...... He's a ****

oadamo

iTrader: (1)

ive just put my company into liquidation because a ***** wouldnt give up his shares and started up another.
adam

sti-04!!

Cheers guys, spoke to companies house this morning & they have pushed me in the right direction