Recent content by Malexa

  1. M

    How To Close My Insolvent LTD Company

    I will take my chances with the Spongebob plan. Nothing to lose whatsoever.
  2. M

    How To Close My Insolvent LTD Company

    If I hadn't made the application I would have lost my business during g the pandemic and also lost my property without any doubt.
  3. M

    How To Close My Insolvent LTD Company

    Thanks all for your comments. Regarding the legitimacy of how the BBL funds were used is transparent, so any investigation is most welcome. I've paid back in excess of £12K from my own funds since the company has been close to doing no turnover for over 2 years. I think it would ve extremely...
  4. M

    How To Close My Insolvent LTD Company

    Hi Chris, Thank you for your response here. The DLA is positive and owes me over £1K as the BBL is being paid from my personal account. The company has no assets or physical office and other than a small (circa £200) CT payment due for the current tax year there's no other outstanding funds to...
  5. M

    How To Close My Insolvent LTD Company

    Hi Community, I'm looking for a little guidance please. I want to close down my small limited company if possible, without the services of an insolvency practice as I can't afford it. My only outstanding debt is that of a bounce back loan of just under £10K. I have been pretty much insolvent...
  6. M

    Spongebob Plan for Umbrella style company

    Hi Spongebob, Very insightful indeed. I am considering this approach but my only outstanding debt is that of a bounce back loan of just under £10K. I have been pretty much insolvent for over 2 years and have been filing accounts and paying the monthly BBL payments from my own personal funds. I...
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