I am trying to discover what information a shareholder is en_title_d to receive from the Recovery Agent when a company goes into Administration with particular reference to the company's wholly owned subsidiaries.

The specifics of my case are that I was one of several hundred shareholder in Company A which had two wholly owned subsidiaries, Companies B and C. The only Company B and C shareholders were the two Directors of all three companies. All three companies were individually registered with Companies House. The three companies operated as one and the accountant produced one composite Annual Accounting package for all three companies. The three companies went into Administration on the same day and the same Recovery Agent was appointed for all three.

I received full documentation from the Recovery Agent relating to the holding company (Company A)and I assumed that this would include the asset and liability data etc for all three companies. Six months later I discovered that the subsidiaries had had more assets than the holding company and that completely separate reports etc. had been produced by the Recovery Agent but these had not been sent to Company A shareholders.

Commonsense would say that by virtue of my shareholding in the holding company I automatically owned a proportionate part of the two subsidiaries and should, therefore, have received their reports as well.

Can anybody tell me where the law stands on this issue?

Nervous111