MEMBER ACTIONS
Member Actions to Protect Rights & Credits
This section documents the formal actions taken by members in response to sustained governance failures, mismanagement, and the escalating risks to creditor value.
These initiatives have been carried out in accordance with members’ rights and in alignment with the principles of fair representation, lawful governance, and fiduciary accountability. They reflect the determination of members to safeguard their legal and financial interests in the face of obstruction, misinformation, and misconduct.
All documents have been shared in the public interest and are hosted in line with applicable legal protections, including the Public Interest Disclosure Act 1998 (PIDA) and international transparency principles.
31 May 2025 - Formal Requisition of a General Meeting (GM)
On 31st May 2025, members exceeding the required legal threshold (10%) submitted a valid requisition under Section 303 of the Companies Act 2006 calling for a General Meeting of members and with the specific objective of removing of the current Directors and Shadow Directors and the election of a new, democratic Board from within the membership, and with a clear governance mandate.
Members have also proposed a 90-day transitional structure to restore lawful oversight, secure transparency, and to immediately ensure key professional advisors are engaged professionally for the exclusive benefit of members and including Miranda, Mayhew, Colliers
The Convening Notice can be read and downloaded here:
Notice to Convene a General Meeting - SIIG - 31.05.2025.pdf
The Requisition Notice can be read and downloaded here:
Signed Requisiton - GM - SIIG - 31.05.2025_Redacted.pdf
The SIIG Articles of Association can be read and downloaded here:
Proposed Timetable for Member-Led General Meeting
In accordance with Sections 303–305 of the Companies Act 2006, and in response to serious governance failures, the following timetable has been proposed by the requisitioning members to restore lawful control of SIIG Ltd and which result in the General Meeting being held on the 20th June 2025.
Dates/Actions
31 May 2025 - Requisition to Convene General Meeting formally issued to SIIG Directors.
5 June 2025 - Deadline for current Directors to confirm acceptance of the requisition.
5 June 2025 - Independent Chair appointed by requisitioning members if Directors fail to act.
6 June 2025 - Official Notice of General Meeting issued to all members by Independent Chair.
12 June 2025 - Deadline for members to nominate themselves as candidates for interim Director.
13 June 2025 - Online registration and voting opens for all verified members.
20 June 2025 - General Meeting held (hybrid format: in-person + virtual) and votes counted.
23 June 2025 - Companies House filings: new Director appointments & resignations.
Voting Integrity Safeguards Requested
Appointment of an Independent Chair
Neutral, professionally qualified, and unaffiliated with current or former leadership
Secure Online Voting System
Transparent, auditable, and restricted to verified members only.
Proxy Voting Facility
For members unable to vote online, with proxies securely managed and entered by the Chair.
Transparent Candidate Declaration Process
Written submissions required, with biographies published ahead of voting.
Hybrid Meeting Format
In-person venue (near Birmingham) and virtual access via Zoom or similar platform.