127 Leaving the company

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BUSINESSES vol 4(2) start-up, sale and purchase

127 Leaving the company

Copyright © 2025 LexisNexis

| Commentary

A shareholder who is subject to a breach of contract by their fellow shareholders may conclude that, instead of or in addition to pursuing a contractual claim, the best course of action is to leave the company altogether. There will usually be two problems in doing this. First, the shareholder will have to extricate itself from the shareholders’

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(1) START-UP

128.1 The provisions of the Companies Act 2006 Section 994

128.2 The meaning of unfair prejudice

128.3 Unfair prejudice in the context of a shareholders’ agreement

128.4 Remedies for unfair prejudice

128.5 Valuation of the company’s business

128.6 Discounts and premiums

128.7 Problems in petitioning for breach of a shareholders’ agreement

129 Petitioning for the winding up of the company

130 The purpose of the business plan

131 Assembling the raw material for the business plan

132 Introduction to long-term finance sources

133 Share and loan capital from the proprietors and other related parties

134 Secured bank loan

135 Bank and other loans

136.1 Advantages and disadvantages of private equity finance

136.2 Sources of private equity finance

137 Bank overdraft

138 Trade credit

139 Invoice discounting and invoice factoring

140 Introduction to capital requirements