4:20 AM, 2nd May 2022, About 2 years ago 4
I recently purchased my share (one third) of the freehold in a block of three flats together with the other two flat owners. We jointly purchased it through a limited company in which we have one equal share each. Since this has happened I have voluntarily been doing all the administrative work for the company and I have not been taking a “salary” for this work from the company.
I have been organising the maintenance, taking care of any issues such as water leaks, doing the bookkeeping and also paying the bills for all this through the company bank account. I have transferred money from my personal account into the company account in order to cover the costs as the company itself does not receive any income.
We agreed at the beginning of the takeover to split the costs three ways and when any new bill was received, I informed my fellow freeholders in a timely manner and requested they pay their share to me. Initially, they would pay albeit at random times and/or after several reminders, but they would still pay.
However, for the last four months, they have not paid me a single penny and are not returning my emails, messages or phone calls. I have sent several reminders but they seem to fall on deaf ears.
As time goes on, the bills are still coming and the administration of the company still needs to be done. I cannot just stop doing it or only do one-third of the work. I am currently owed several thousand pounds between the two of them. I cannot afford to keep on paying the bills on my own. I knew these people for several years and they seemed to be trustworthy but now I feel totally let down.
Can anyone suggest what my next course of action should be?
We do not have a legal agreement that states that we are each responsible for a third of the costs but I have kept all the emails that show their agreement to an equal division of them. Furthermore, I don’t want to antagonise them into not paying me anything at all but I can’t afford to keep the company going from my own funds.
Do I have any legal recourse?