If Andrew Jenkins bequeathed to you in his will his 37.6% of Holdings .....

[_Stefan_Kuntz]

..... would you, come the day, accept those shares or refuse to accept them?

It has been estimated that, taking everything into account, 1921 is worth minus £3 million.

As an owner of 37.6% of Holdings (35.156% of 1921) you would be seen in law as a 'controlling person' of 1921 and thus have some very demanding responsibilities in the event of the company becoming insolvent.

I believe that even now the existence of 1921 is 'on a shoogly peg'.