My feed
Premium

Please
or
to access all these features

Mumsnet has not checked the qualifications of anyone posting here. If you have any legal concerns we suggest you consult a solicitor.

Legal matters

Getting rid of a co-director in a limited company

3 replies

lalalonglegs · 31/01/2013 17:13

I own a leasehold flat in a block of three. In the summer, along with the other two owners of the flats, I set up a freehold company in which the freehold and the right to manage is vested. The middle flat owner and I have paid in our ground rent and various other money for expenses but, despite many promises over the past few months, the ground floor flat owner has paid nothing (and in fact has caused extra expense in various ways). I have now had to sub the freehold company several hundred pounds to pay the latest round of expenses and middle flat owner and I are wondering if we can boot out the third director as we are fed up of his non-payment and his constant stalling.

Is there a simple way of doing this? He has been nothing but a pain and we want to have some sort of leverage over him (such as removing his right to share the freehold).

TIA

OP posts:
Report
lalalonglegs · 31/01/2013 20:11

Bumping...

OP posts:
Report
betterthanever · 31/01/2013 20:56

It would depend on how you set up the company and the terms and conditions you put in the articles and memorandums.

Report
lalalonglegs · 01/02/2013 21:24

Thanks better. I couldn't see anything in the articles of association - I have sent an assertive email telling him to get his shit together, we'll see if it works Hmm.

OP posts:
Report
Please create an account

To comment on this thread you need to create a Mumsnet account.