Limited Company - accounts after ceasation of trading

Log in to reply
I

ipswichanna

  • #1
    Hi can someone help please. If a limited company has ceased trading, all forms have been logged with companies house and then after this time the bank, who they owe money to, starts writing asking for their money what is the legal stance of paying them when the company no longer exists and has closed down?
     
    Z

    Zeno

    Free Member
    Jun 12, 2008
    4,514
    1,218
  • #2
    You will have to clarify something. Has the company actually been formally wound up after following the correct procedure (unlikely) or have you just applied to have it struck off?

    Just because thecompany has ceased trading does not mean it no longer exists.

    Were any personal guarantees or other securties given over the bank borrowing?
     
    Upvote 0
    I

    ipswichanna

  • #3
    No personal guarantees were given. Companies House have closed the company down. Inland Revenue have had the final accounts and know the company is no longer trading - the accountant employed dealt with all of that.

    The bank were notified but say they never received the letter. They now want money.

    Can they legally pursue this?
     
    Upvote 0
    Z

    Zeno

    Free Member
    Jun 12, 2008
    4,514
    1,218
  • #5
    You will need to take legal advice. Is your accountant a licensed insolvency practicioner?

    Are you sure that no guarantees or securties were given?. It is very unusual for a bank to provide borrowings to a limited company without them.
     
    Last edited:
    Upvote 0
    J

    Jaydee

    Free Member
    May 27, 2007
    1,080
    283
  • #13
    The name is definitely not available yet.

    The application to dissolve (652a) was filed on 18/8/08 but it was not Gazetted until 30/9/08 so even if the bank do not block the dissolution you have a while yet before it is dissolved and the name cannot be used again until then.
     
    Upvote 0
    Log in to reply

    Latest Articles

    Join UK Business Forums for free business advice
    Top Bottom
    Community
    Articles
    Menu