Michael Chadwick builds up stake in British firm

Michael Chadwick, the former chief executive of Grafton Group, has built up a 26.3 per cent stake in a small British industrial equipment maker, new stock exchange filings show.

He has held a position in the company since 2009, when he took 6.75 per cent and increased his stake slowly over the course of the last few years, bringing it up to 15 per cent in 2015, before increasing it again twice this year from about 18 per cent to the current position of 26.3 per cent. How can I persuade the bank and Revenue that cash amounts I own were gifts from my mother, who died years ago?HC Slingsby was founded in 1893 by Harry Crowther Slingsby, and publicly listed its shares on the London Stock Exchange in 1961. Slingsby’s descendant, Dominic Slingsby, remained on the board of the company until earlier this year.

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