Case Study

What happens when shareholders fall out?

A company owned by husband and wife was going through difficult trading circumstances that were exacerbated by the fact that the shareholders were going through an acrimonious divorce.

The company was insolvent with a deficiency of around £80,000 and would never return to profitability in the existing ownership because of the divorce proceedings.

Within six weeks, through our variety of contacts, we had arranged a sale of the business, which resulted in the payment of all creditors in full, with a return to the shareholders of £30,000 each.