Family Law Hub

Lewis v Clarke & Anor [2020] EWHC 1975 (Ch)

The parties had lived together with their three children and were equal shareholders in a motor vehicle repair and servicing company. After they broke up, the male partner had transferred the business of the company to a new limited company, without the agreement of the female partner. He was subsequently ordered to purchase her shareholding because of unfair prejudice. The court was petitioned to take a summary approach as to valuation, as far as could be reasonably achieved. Difficulties included the lack of up-to-date financial information, the upcoming expiry of a lease and the effects of the coronavirus. ICC Judge Jones decided that a valuation of £45,500 would be a fair sum, being £26,000 for anticipated dividends and £19,500 for a multiplier. Although this was part of the process of splitting assets to establish a future for the parties and their children, the petitioner could only receive what the respondent was able to pay, and thus it was important for the parties to communicate, to try to resolve how the valuation could best be paid.

Judgment, published: 29/07/2020


Published: 29/07/2020


Copyright in the original legal material published on the Family Law Hub is vested in Mills & Reeve LLP (as per date of publication shown on screen) unless indicated otherwise.


The Family Law Hub website relates to the legal position in England Wales and all of the material within it has been prepared with the aim of providing key information only and does not constitute legal advice in relation to any particular situation. While Mills & Reeve LLP aims to ensure that the information is correct at the date on which it is added to the website, the legal position can change frequently, and content will not always be updated following any relevant changes. You therefore acknowledge and agree that Mills & Reeve LLP and its members and employees accept no liability whatsoever in contract, tort or otherwise for any loss or damage caused by or arising directly or indirectly in connection with any use or reliance on the contents of our website except to the extent that such liability cannot be excluded by law.

Bookmark this item