selling a limited company

[sonofbullet]

How easy is it to sell a limited company and what powers do the directors have if they are not shareholders?

[buildersmate]

1) Its not difficult - just requires matching the seller with a buyer, and a couple of expensive accountancy and legal bods to check for due diligence and draw up a contract for the sale.
2) Directors are appointed by shareholders to run the business for them. But the business is owned by the shareholders. Directors therefore decide what action they think is best for the business in a situation like this, but have to ask the shareholders to vote to agree it.