Recent content by anonpreneur

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    How long to wait for tax refunds from estate of Ltd Co after MVL?

    I have since discovered that the IP has been subject to a disciplinary consent order in another case for failing to submit forms on time. This led me down a path of looking into whether there has been negligence in my case and ChatGPT tells me that not submitting the CT600 until 14 months after...
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    How long to wait for tax refunds from estate of Ltd Co after MVL?

    Thanks Lisa, see below: I have an email dated July 2023 from the accountants stating that the CT600 had been submitted and a refund requested. According to the statement of receipts and payments on the first anniversary of the MVL in August 2024 the IP claims that they have been chasing the...
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    How long to wait for tax refunds from estate of Ltd Co after MVL?

    Thanks for responding. Do I have any recourse here? As I mentioned, IP are claiming delay was due to the tax returns not being processed prior to the commencement of the MVL so this could be seen as negligence on their part? I'm not entirely convinced that this hasn't been resolved and they are...
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    How long to wait for tax refunds from estate of Ltd Co after MVL?

    I entered my Ltd company into an MVL via an IP in August 2023 and I am still waiting on a final distribution from the IP for funds due from Corporation tax and VAT refunds. The IP are claiming that the delay is due to the accountants not submitting these returns prior to the MVL commencing...
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    Promoting New Business - Spray Painting

    We already talked about flyers. Do you think email marketing might work?
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    Promoting New Business - Spray Painting

    Small resi builders, home extensions etc but has the potential to work on bigger sites, he is unsure as to how this works. Will pass this on ?
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    Promoting New Business - Spray Painting

    A friend of mine is looking to expand on an existing venture. This is summarised basically as follows: A professional spray painting company, specialising in spraying white mist coat primer on to newly plastered walls and ceilings before second fix building works. This can be much quicker and...
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    Typical fees/process for dealing with additional creditors after MVL.

    @Lisa Thomas @Frank Wessely Thanks both for your insight. By way of an update - as suggested I went back to IP and requested a clearer, fixed-cost proposal. This email was ignored for 3 weeks until I chased yesterday to request again, along with a formal complaint (about this and several...
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    Typical fees/process for dealing with additional creditors after MVL.

    The initial fee was a lot more than 1k!
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    Typical fees/process for dealing with additional creditors after MVL.

    Hi Lisa, This is correct. There was a fixed fee agreed which was low compared to other quotes on the basis there were to be no creditors as these would be settled as far as practicable. One additional creditor has come forward relating to a debt that was not disclosed in the declaration of...
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    Typical fees/process for dealing with additional creditors after MVL.

    My business went through an MVL earlier in the year. Recently a potential creditor has come forward and the IP have requested data for any further creditors which has been supplied to them. These are names, email addresses and an account credit balance which when the business was trading -...
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    Liquidators dragging feet on distribution

    Thanks all for commenting - just a few follow up points: - Indemnity agreement has been signed. - I am aware that it's typical to retain 25% of funds for creditors but I reached an agreement with IP for this to be a lesser sum - it is a very simple case with no assets or creditors. - I'm not...
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    Liquidators dragging feet on distribution

    Thanks for responding. Yes, they hold the company's money and the only timeframe I can find a reference to in terms of engagement states: We will return monies held on the client’s behalf promptly as soon as there is no longer any reason to retain those funds.
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    Liquidators dragging feet on distribution

    Hi all, As per the title, currently going through an MVL and awaiting the distribution of funds from the liquidators. All of the paperwork has been signed and I have chased them a couple of times, but I am being told that they are waiting for the bank to open an account to move the money into...
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