Company Shares & Property Development Deal Gone Wrong!

[Ali Parker]

Hello,

I hope someone may be able to give me some advice.

I found a property for an investor. In return I was to receive 25% of the profit when the property was developed and sold + 5% shares in the investors limited company.

It was shown on the limited companies annual return that I had a 5% share last year, however this year it's showing that my shares have been transferred (without my agreement)Is this allowed?

Also the investor has now decided to develop the property and has said he will not be paying me the 25% when the property is sold.

I have put approx 2 years work into this project and the investor stands to make a substantial profit, so i am not very happy!

I have a letter and numerous emails that state that I am to receive the 25%. I also have records of all the work & proof that i found the property.

I'm aware that this may have to go to court and would like to find a professional that knows what my rights are.

Thank you.

[Taxbar]

Not a tax matter consult a commercial solicitor.

[deanshepherd]

Hi Ali

If shares have been transferred without your signature that is serious fraud.

You need to seek legal advice on this matter.

I would recommend speaking to Andrew Woolley who is a business law specialist. He can be contacted on andrew.woolley@business-lawfirm.co.uk.

Regards,

Dean Shepherd
dean.shepherd@mmi-online.co.uk
MMI Accountancy
www.mmi-online.co.uk