Discover and read the best of Twitter Threads about #burnden

Most recents (1)

@MarcIles

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

legislation.gov.uk/ukpga/2006/46/…
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
Read 21 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!