Recent content by lovingthesurf

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    personal guarantees following Voluntary liquidation

    hi , I guess what you should do is plead poverty to the bank and send a detailed letter of your income / expenditure . Then make a single and final offer to clear this based on whatever money you can get your hands on ( relative etc .. ) Start stupidly low , say £3000 as it is all you have and...
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    personal guarantees following Voluntary liquidation

    Normally pretty quick ? I would have expected that you would have heard within a month or 2 at latest . Keep us posted on this it is always interesting to hear how these things pan out .
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    Company Insolvent

    If you go through an IP to wind up , the payment to your staff will approx 3 weeks after creditors meeting , not sure what the time is for doing it yourself. But be assured they will get it . It is great that you are looking after your long standing employee like this , but you must remember...
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    Company Insolvent

    hi , sorry to hear , although consider it a brand new fresh start . Your employee will get their redundancy pay through the Government Redundancy funds and they are pretty quick also , around 2-4 weeks . It is also worth putting a claim in for yourself ( if you are director ) , if you have...
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    personal guarantees following Voluntary liquidation

    Hi , Sorry to hear of your situation but be assured you will be ok at the end . Who has ownership of machinery at the moment ? Did your old company own it with you as guarantor ? As for the bank guarantee with the overdraft , depending on which bank it is , you may be able to "haggle" to...
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    Is selling on Ebay or Amazon actually worth it?

    Ebay and Amazon are both businesses which aim to make money out of people selling stuff . If you selling stuff on 50% gross profit ( buy for £5 plus vat and sell for £10 ) , then the break down is very tight to maintain a profit . However I have looked at this quite closely with our own...
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    Fraudulent debt from large auction company

    Hi , I am positive that no listings are free on the site . I run an anchor store and I pay 1p a listing on 30 day GTC listings . So 450K listings ( I am intrigued to see who you are by the way ) would equate to £4500 in listing fees alone for every time your product lists . So if you are on...
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    Managing director contracts

    Can anyone point me to a website where I can download a template ( preferably free ) for Directors contracts of employment for Ltd Companies ? Thanks in advance ,
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    walking possesion orders - advice needed

    I will answer that , If there is only bailiff involved and they did a levy on £5k of goods , all listed and noted . Company then goes into the process of liquidation , the bailiff can then go to seize those goods because they own them under the WPA ( if the debt has not been paid ) . If the...
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    walking possesion orders - advice needed

    Daniel , Thanks .. I have faxed over documents to show 2nd Bailiffs that all goods have been uplifted by HMRC . There is now no possesions on our premises that the 2nd Bailifss can take or are entitled to , as their levy was simply copied from the HMRC one . Company is now in process of...
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    TUPE Law

    When the first company went into liquidation the staff should have filled in a RP1 form , they would have been able to claim any redundancy , holiday pay , lieu of notice and outstanding wages direct from the government . The insolvency practioner should have advised you of this initially ? You...
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    walking possesion orders - advice needed

    Hi Daniel Yes I showed the 2nd person who I believe is an HCEO the wpa , they then practically copied from it and left , they informed me that the HMRC levy was out of date , it wasn't at all . The situation now is that HMRC were made aware of the HCEO making a 2nd levy ( which they also...
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    walking possesion orders - advice needed

    I will keep people updated on this for future reference
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    walking possesion orders - advice needed

    ok update for you , spoke to HMRC and their Bailiffs , they said that 2nd Bailiffs were wrong have issued an illegal levy .
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    walking possesion orders - advice needed

    Spongebob , The company is now in the process of liquidation and cannot pay the debts due to either party , approx 20k each . The walking possesion order amounts to about £1.5 - 2 k approx in value and will nowhere near cover any of the debts if an uplift of goods was called . I think i...
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