Claim No: CR-2024-004856 - [2025] EWHC 2304 (Ch)

My conclusions on the report

As I have explained, there are a number of flaws and false assumptions in this report. I am entirely sceptical of the figures that emerge. However, I must bear in mind that I am dealing with this matter on the summary basis and there has been no opportunity for Mr Jones to explain his conclusions.

Happily, I am not required to reach a valuation of the A ordinary share in order to determine the Application. It is enough for me to recognise that it is likely that a full determination of the value is likely to reach a conclusion that, as things stand, whilst the Company remains in business and with substantial assets, the share has at least a nuisance value or ransom value of some amount well in excess of £1; it also has a value in the hands of Mr Ipek (if not anyone else) in securing his ability to earn a salary from Koza Ltd.