Lost shares?

[gleno1]

How do I go about finding any information at all about a firm who my husband has got shares in? He has received no information from them for a while now, maybe 1 - 2 years! Our daughter did try to find out information via the internet, but all she could find was something saying that the firm went into administration on 24.09.04. Does that mean that we have lost any money that we invested? Surely the administrators have to inform us? Any help would be greatly appreciated. Many thanks in advance :)

[Buenchico]

The fact that a company has gone into administration doesn't necessarily mean that it has ceased trading. (Several professional football teams, e.g. Leeds United and Ipswich Town, have gone into administration and later come out of it).

Your first step should be to find out whether the company has been dissolved or liquidated. To do this, go here:
http://wck2.companieshouse.gov.uk/31d3430d69a2aa3677c3db e1e3e62569//wcframe?name=accessCompanyInfo
Enter the company name and place check marks in 'Alpha Index' and 'Current / Recently Dissolved Names'. When the search results appear, look to see if 'Dissolved' or 'Liquidated' appears against the company name. If so, the chances are that you can wave goodbye to your investment.

If the company does not appear to have been dissolved or liquidated, click on the company name. This will show some very basic details about the company, including the current registered address and the date that the last set of accounts were prepared. If you click on 'Order information for this company', you'll be able to purchase a downloadable copy of the most recent company accounts. (Don't worry. It won't cost a fortune. The accounts, and any other documents available, only cost �1 per document).

Further to this, I suggest sending a letter, by recorded delivery, to the registered address of the company, asking for information about the company's current financial status. (The letter should be marked 'For the attention of the Managing Director or Administrator').

Hoping this helps,

Chris

[Buenchico]

PS: That letter should, of course, state that you're a shareholder of the company, in order to make it clear that you have the right to be informed about the company's finances.

Chris

[gleno1]

Buenchino. Thanks for your answer, it is very much appreciated. I'll let you know how I get on! Once again thankyou :)

[gleno1]

oops.....I meant Buenchico!! ;)