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Metal scrap
- CF Booth buys and sells all types of metal scrap arisings from a wide range of customers; from local householders looking to weigh in their metal scrap to multinational corporations with facilities across the world.
www.cfbooth.com/about-us/
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May 2, 2024 · CF Booth pleaded guilty at Sheffield Magistrates' Court to one count of breaching health and safety law. According to the HSE, the worker, who was not wearing a high-vis jacket at the...
Mar 15, 2017 · But simmering tensions over 30 years between the family members running Rotherham-based CF Booth Ltd have now been aired in public after a row over dividend payments reached the High Court in...
May 2, 2024 · SCRAP metal firm CF Booth has been fined £1.2 million after a worker suffered a fractured skull when he was struck by a wagon. The employee was walking across the site yard in Rotherham when he was hit by the 32-tonne skip lorry, which also broke his collarbone in two places.
- Unfair Prejudice Petitions
- Re CF Booth Ltd
- Was The Remuneration Paid to The Directors Excessive?
- Was The Policy Fair?
- Was There An Abuse of Process?
- Was There Unfair Prejudice?
- Comments
A shareholder in a company may petition the court for relief where the affairs of the company are being conducted in a manner that is unfairly prejudicial to the shareholder’s interests or where an actual or proposed act or omission of the company is or would be so prejudicial (s.994 Companies Act 2006 (Act)). The unfairly prejudicial conduct must ...
CF Booth Ltd (the company) was incorporated in 1949 to carry on the family scrap metal business. Over the years, the company diversified its offering and became one of the largest metal recycling businesses in Europe. The shareholders received substantial dividends until 1985. In 1986, the company suffered a loss and no dividends were declared. Fol...
In assessing remuneration paid to directors, the court will consider ‘whether, applying objective commercial criteria, the remuneration which [the respondent] took was within the bracket that executives carrying the responsibility and discharging the sort of duties that [the respondent] was, would expect to receive’ (Irvine -v- Irvine [2007]). ‘Rea...
Dividend payments are controlled by the board of a company. It is for the directors to decide what part of the profits of the company shall be made available for distribution. Even where there are profits available for distribution, the directors may decide not to recommend a dividend providing their decision is compliant with their duties pursuant...
Pursuant to the articles, the petitioners were required to sell their shareholding at whatever price the auditors deemed fair. Such price may have reflected the policy. The judge considered that if the petitioners established unfair prejudice in respect of the Policy, the petition could not be an abuse of process. In respect of the respondents’ arg...
As stated above, in order for an unfair prejudice petition to succeed, there must be both unfairness and prejudice. The judge considered that the directors had not acted in accordance with their statutory duties to: (a) exercise the power to recommend or not recommend a dividend for the purposes for which the power was conferred (s.171(b) Act) (b) ...
It is clear from the judgment that payment of excessive remuneration to directors may be unfairly prejudicial to minority shareholders. Directors of companies need to ensure that remuneration is fair and justified, especially if a company decides not to declare a dividend. Another interesting point arising from this case is the limitation issue. Wh...
May 2, 2024 · A Yorkshire metals recycling company has been fined £1.2m after a worker was injured after being struck by a wagon at a processing site. On 10 August 2020 an employee of CF Booth Limited was...
C F Booth Ltd is a family-owned scrap metal and recycling business based in Rotherham, South Yorkshire, England. Operations. Clarence Frederick Booth founded the business in 1920, as a metal purchaser and trader.
