Recovery of Company Assets
Hi
A few months ago my co sec parted company with the Company. It was just me and him, and he had a 10% share of the company. I was employed by the company and he had a job elsewhere and just was responsible for statutory returns etc.
On leaving, I paid him the 10% share value, but he has so far insisted on keeping hold of a number of company assets, with total value about £2K.
What are the legal requirements here? I assume the assets are owned by the company, period.
Does anyone have any experience in recovering assets through the courts?
Thanks
PRK
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