Kevin Chave v Adam Farnsworth & Ors

Source-derived case information.

Parties: Petitioner/cross Respondent: Kevin Chave; Respondent/cross Petitioner: Adam Farnsworth; Respondent: Van Extras Limited; Respondent/cross Respondent: Essex and East London Van Services Limited
Jurisdiction: England and Wales
Judgment Date: 24 April 2026
Procedural Posture: Petition and Cross Petition for Unfair Prejudice Under S.994 Companies Act 2006 / Final Judgment
Outcome: Kevin Chave's petition under s.994 Companies Act 2006 is well-founded; Adam Farnsworth's cross-petition is dismissed.
Legal Topics: Unfair Prejudice, Remedies Under Companies Act, Valuation of Shares, Fiduciary Duties, Quasi Partnership, Exclusion From Management

Company Law Shareholder Disputes Unfair Prejudice Remedies Under Companies Act Valuation of Shares Fiduciary Duties Quasi Partnership Exclusion From Management

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Full judgment text Downloadable case file Legal principles 3 Authorities cited 20 Party arguments 2 Amounts and remedies 8

Parties

Kevin Chave

Petitioner/cross Respondent

Adam Farnsworth

Respondent/cross Petitioner

Van Extras Limited

Respondent

Essex and East London Van Services Limited

Respondent/cross Respondent

Procedural Posture

Petition and Cross Petition for Unfair Prejudice Under S.994 Companies Act 2006 / Final Judgment

Legal Issues

1 Whether Adam Farnsworth's conduct constituted unfair prejudice to Kevin Chave's interests as a shareholder in EELVS
2 Appropriate remedy for unfair prejudice under s.996 Companies Act 2006
3 Valuation date and method for Kevin Chave's shares

Ratio Decidendi

Adam Farnsworth's conduct in excluding Kevin Chave from EELVS, transferring assets and business to VE, and refusing to engage in reasonable dialogue constituted unfair prejudice to Kevin's interests as a shareholder. The appropriate remedy is for Adam to purchase Kevin's shares at their value as of 1 May 2023, reflecting compensation for the prejudice suffered. No further compensation for lost salary or dividends is warranted as this would result in double recovery.

Court Disposition

Kevin Chave's petition under s.994 Companies Act 2006 is well-founded; Adam Farnsworth's cross-petition is dismissed.

Orders

Adam Farnsworth to purchase Kevin Chave's shares in EELVS for £294,785.
Claim for further compensation by Kevin Chave dismissed.

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