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A dull little thread, to show the hierarchy of Companies making up Anderson's failed #BWFC Group.

@BWFCFans are probably familiar with it & many will be #Burnden Shareholders.

At the top sits :
1. Inner Circle Investments
which owns 94.5% of:
2. Burnden Leisure
Minority Shareholders are owed a Fiduciary Duty.
That Duty is a legal obligation on the Co. & its Dirs.

Sufficient % exists to Call a GM for Burnden Leisure Ltd
That Right's threshold for exercise is 5%

But obvious practical problems, herding 6,267 cats…
Ken Anderson owns 100% of Inner Circle.

Both its 2 Issued Shares are in hock to Moonshift Investments, controlled by the Trustees of the Estate of Eddie Davies (so Probate &c. is likely also a factor)

The shares secure a £5m Davies-Anderson loan given before the former's death
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