OVERCOMING THE DEATH OF A SOLE DIRECTOR SHAREHOLDER

摘要

When a single individual is both the sole director and shareholder of a company, and there is no company secretary, the company can find itself unable to act on the death of that individual. This was the case in Kings Court Trust Limited & anors v Lancashire Cleaning Services Limited [2017] EWHC 1094 (Ch) which arose out of the death of Eric Pilling, the sole director and shareholder of Lancashire Cleaning Services Limited (LCS). updated guidance also removes the section on transition to FRS 102 as all academies will now have completed the transition, while a financial instruments accounting policy is included.