RA Shield Holdings Limited, (the former subsidiary company of RA Shield Limited) and CRF Shield (former director of the company) have obtained an interim injunction in February 2024 over the company’s ability to sell its assets, claiming that RA Shield Limited is not and was never entitled to the capital in the assets. This is despite the fact that RA Shield Holdings and CRF Shield, as director of RA Shield Limited at the time, signed the Companies House, legal documents, Land Registry documents, Solvency statements, HMRC Clearance, and RA Shield Holdings accounts in 2016 stating that RA Shield Limited was fully entitled to the assets, without limitation. The company and directors have taken substantial legal advice and are confident in the legal position that RA Shield Limited is entitled fully to the assets, but the litigation process must be followed.
CRF Shield is also claiming in litigation that RA Shield Limited is not entitled to the £833,333 dividend declared by RA Shield Holdings Limited to RA Shield Limited as part of the 2016 reorganisation, and documented in the same documentation.