Katrien sacked?
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The issue is how many shares did she have? Could be RD taking over 100% control, assuming the shares have passed to him. Possibly a sign of him reducing her status solely to that of an employee.
And yes - you do need 2 Directors to run a PLC. But one of them can be your accountant or your solicitor, so that you have 100% effective control.
With a lack of any further information it's hard to draw a conclusion.0 -
If you are referring to banking transactions it depends what the company mandate says, it could be any one director to sign.killerandflash said:I assume that particular holding company does very little anyway, as having only 2 Directors, one living in another country, would make authorisation of transactions very hard, assuming 2 signatories are needed (which is usual)
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Doubt she had any shares , considering she started after the club was purchasedsimonmatthews said:The issue is how many shares did she have? Could be RD taking over 100% control, assuming the shares have passed to him. Possibly a sign of him reducing her status solely to that of an employee.
And yes - you do need 2 Directors to run a PLC. But one of them can be your accountant or your solicitor, so that you have 100% effective control.
With a lack of any further information it's hard to draw a conclusion.0 -
Looks like someone had her hog tied while she did her signature for that.0
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I'm a bit rusty on all that tbh. Over to you Len ;-)RedChaser said:As I understand it you need a minimum of 2 Directors to run a private limited company one of whom these days I'm pretty sure does not necessarily have to be the company secretary.
The position of Chief Executive is a title only. RD and RM are still in situ as directors and so the company is still compliant with company law on that front. Don't read too much into the fact the termination was a date of 5 December (possibly the board meeting when KM's resignation was decided upon) and filing date is February 2, could be time delay in processing, although these things can be done on line these days.
@LenGlover or @RodneyCharltonTrotta are better placed to comment on current limited private company law than me and it's all probably something of nothing as already said but you never know, here's hoping
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Unfortunately sounds like a total non event.
I am one of four directors of four companies in a holding company chain and dividends through them are >£200m a year. Doesn't mean we control the operating companies that influence whether it's £100m or £300m, we leave that to people who know what they are doing.
Hmmm, I see a problem with drawing any similarity with the Charlton setup here3 -
The extract from the last full annual return dated 3/3/15 shows Baton 2010 Ltd (Parent company) holding the full allocation of 150 ord shares, so at that point in time KM had no shareholding.sammy391 said:
Doubt she had any shares , considering she started after the club was purchasedsimonmatthews said:The issue is how many shares did she have? Could be RD taking over 100% control, assuming the shares have passed to him. Possibly a sign of him reducing her status solely to that of an employee.
And yes - you do need 2 Directors to run a PLC. But one of them can be your accountant or your solicitor, so that you have 100% effective control.
With a lack of any further information it's hard to draw a conclusion.0 -
That signature is a mess. You can tell a lot about someone from their signature...sammy391 said:
Is indeed KMs signature - its on the Accounts filedi_b_b_o_r_g said:That signature on the form looks like it could be K Miere? She pumped herself lol
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Jesus wept, lend me a monkeyAlwaysneil said:Unfortunately sounds like a total non event.
I am one of four directors of four companies in a holding company chain and dividends through them are >£200m a year. Doesn't mean we control the operating companies that influence whether it's £100m or £300m, we leave that to people who know what they are doing.
Hmmm, I see a problem with drawing any similarity with the Charlton setup here9 - Sponsored links:
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fancy buying a football club?Alwaysneil said:Unfortunately sounds like a total non event.
I am one of four directors of four companies in a holding company chain and dividends through them are >£200m a year. Doesn't mean we control the operating companies that influence whether it's £100m or £300m, we leave that to people who know what they are doing.
Hmmm, I see a problem with drawing any similarity with the Charlton setup here6 -
Alrite Neil, need a financial advisor mateAlwaysneil said:Unfortunately sounds like a total non event.
I am one of four directors of four companies in a holding company chain and dividends through them are >£200m a year. Doesn't mean we control the operating companies that influence whether it's £100m or £300m, we leave that to people who know what they are doing.
Hmmm, I see a problem with drawing any similarity with the Charlton setup here . 2 -
If it was only 1, with RD out of the country, that would give RM a lot of power which I doubt RD would accept!RedChaser said:
If you are referring to banking transactions it depends what the company mandate says, it could be any one director to sign.killerandflash said:I assume that particular holding company does very little anyway, as having only 2 Directors, one living in another country, would make authorisation of transactions very hard, assuming 2 signatories are needed (which is usual)
Having said that, he's well house trained these days...1 -
Probably a better investment than what we are invested in. Even with £5m a year loss.
My point was more that I have no control whatsoever of anything important, I am a director of a channel. It's not an important job.
Happy to lend a monkey, when do I get my monkey back?91 -
Sad but very true.killerandflash said:
If it was only 1, with RD out of the country, that would give RM a lot of power which I doubt RD would accept!RedChaser said:
If you are referring to banking transactions it depends what the company mandate says, it could be any one director to sign.killerandflash said:I assume that particular holding company does very little anyway, as having only 2 Directors, one living in another country, would make authorisation of transactions very hard, assuming 2 signatories are needed (which is usual)
Having said that, he's well house trained these days...1 -
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Any significance in that it is almost 2 years to the day from when she was appointed?
Otherwise it seems odd but I can't see a significance in it.
She is still CEO, as far as I can see.
Or did something else happen around 2 Feb 2016 to trigger this?0 -
My guess, and it is a guess, is that this is one company too many and an unneeded complexity in the corporate structure.
I'd expect it to become dormant, then wound up with Baton to then be re-named Charlton Athletic Holdings (2016) Ltd.
Unfortunately, this seems just like a bit of housekeeping.
If not, 5th December could become twice as memorable.1 -
Firstly - unless the articles specifically provide for it you do not need to be a shareholder to be a director. These are old Table A articles and do not require that
Secondly - This is not a PLC but an ordinary Limited entity and again unless the articles proscribe a minimum number of directors you can survive with just one director. The articles are not Table A on this point and Article 7B states a minimum of 1 director.
Thirdly, the signature on the form is similar to the one on the accounts but much more angular. If it is Katrien it is showing signs of stress but to my untrained eye it looks as though someone has tried to copy the signature from the accounts.
fourthly, the Holding entity is between the Baton Company and the football company in the hierarchy (from memory) and I cannot see any reason why a director of both parent and subsidiary company would choose to resign from the intermediate company. Smells vaguely fishy to me.
Finally, the form was received on 22 January according the Companies house receipt which is more than the required period (but Co House frequently do not check). SInce it appears to have been posted they could blame the Christmas post, but it does take Co House a few days to scan forms that appear like this and hence it may not have appeared until 2 Feb. No, there is no significance to the date.
If a supporter has done this and "resigned" Katrien it might seem a jape but is a criminal offence. If Katrien herself has done this rather than rely on the electronic filing system the club use for everything else it is more than surprising and a little on the bizarre. However nothing surprises me about the club any more.4 -
Apologies Point four should read that the form was "received" on 22 January not signed on 21 Janaury0
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That signature is 100% fake.
Wouldn't surprise me if it's been done by a fan. The 5th December date is a bit of a give away.
Is this service free, or do you have to pay for adding/removing Directors.0 -
May be illegal but if a fan did this, a big LOL to them.5
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Theres no way thats a real signature0
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Either that's a forgery or she did it with her left hand.1
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How illegal is it to do you have to consider forgery, I would pressume fraud anything else0
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It is a forgery.nth london addick said:You decide
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Not even a good one, id hope its difficult to trace the perpetrator and if its free thers no banking option to trace, I hope whoever done it was careful0
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Quality, big pat on the back to the person what done it2
