Lisa Thomas's Recent Activity

  1. Lisa Thomas replied to the thread Closing an insolvent business and re-opening with same/similar name.

    Legal. The Directors of a Limited Company have a duty to protect the deposits. The industry has no bearing. The Directors here will...

    Apr 18, 2019 at 9:15 AM
  2. Lisa Thomas replied to the thread Insolvency with DLA & Secured Overdraft.

    Apr 18, 2019 at 9:12 AM
  3. Lisa Thomas replied to the thread Insolvency with DLA & Secured Overdraft.

    You need to speak to an IP. It seems that Liquidation may be the only option here, being paid for from the stock. There are two types...

    Apr 17, 2019 at 4:55 PM
  4. Lisa Thomas replied to the thread Letter from bank chasing unsecured debts.

    Sounds like a standard leter the Bank have had to send following the insolvency of the Company.

    Apr 17, 2019 at 3:45 PM
  5. Lisa Thomas replied to the thread Closing an insolvent business and re-opening with same/similar name.

    That could therefore be a problem - the Directors had a duty to put those deposits in a separate bank account held on trust for the...

    Apr 17, 2019 at 3:44 PM
  6. Lisa Thomas replied to the thread I can't pay vat owed.

    You should take advice from an IP. HMRC cannot go after your personal assets for a Company debt unless you have committed fraud. If...

    Apr 17, 2019 at 1:09 PM
  7. Lisa Thomas replied to the thread Closing an insolvent business and re-opening with same/similar name.

    Newco is also potentially acquiring goodwill from Oldco, which will need to be paid for at market value, if there is any value. Also,...

    Apr 17, 2019 at 1:05 PM
  8. Lisa Thomas replied to the thread Cannot afford pending corporation tax bill.

    You should take advice from an IP to explore the options for the Company. It seems that dissolution might be the best way forward, but...

    Apr 17, 2019 at 9:09 AM
  9. Lisa Thomas replied to the thread Directors Loan Account Out of Hand.

    You could explore the option of a CVA if the Company is viable. As regards the DLA and the potential of Bankruptcy, as I said before...

    Apr 17, 2019 at 9:08 AM
  10. Lisa Thomas replied to the thread Advice please?.

    I assume there are no assets or creditors? HMRC will object as final returns not submitted - you will have to keep trying.

    Apr 17, 2019 at 9:05 AM
  11. Lisa Thomas liked DavidWH's post in the thread Customer going under- deposit and balance payments?.

    I'm with @Mr D on this one. Your contract is with your customer. The bride's contract is with your customer. Your priority should be...

    Apr 16, 2019 at 11:09 AM
  12. Lisa Thomas replied to the thread Money owed by liquidated company for repairs to vehicle still in our possession.

    A lien will likely depend on your T&Cs. I doubt the Lqr will be too interested given the value, but it might be easier to negotiate...

    Apr 16, 2019 at 11:08 AM
  13. Lisa Thomas replied to the thread Accountant taking advantage.

    We do only have one side of the story.

    Apr 16, 2019 at 11:07 AM
  14. Lisa Thomas replied to the thread Directors Loan Account Out of Hand.

    You cannot vote a dividend to write the DLA off - the Company is insolvent so this will be illegal. You really need to speak to an IP....

    Apr 16, 2019 at 10:40 AM
  15. Lisa Thomas replied to the thread Closing an insolvent business and re-opening with same/similar name.

    If you have enough funds from the sale of assets you should use it to Liquidate, either through Court or voluntarily.

    Apr 16, 2019 at 10:38 AM