Recent content by Paul Space

  1. P

    Liquidation nightmare

    Nothing has been introduced or re worked. The accounts have not altered from the time of receiving them. Like I said earlier within 2 weeks of receiving the letter from the lawyer they were sent the accounts as we received them 18 months prior and the CT600 form which also backs up the inputs...
  2. P

    Liquidation nightmare

    Why not use this as an argument to not allow it then? Instead of saying that the reason was because it was done post liquidation. That’s a fair question of why they weren’t introduced earlier. I’m not an accountant so I don’t know the answer but is there anything wrong with it being done later?
  3. P

    Liquidation nightmare

    The business was 2 separate sole trader businesses joking into a Ltd company. Bringing tools and clients into it. My argument is that the accounts with the goodwill and tools in them were produced 9 months before liquidation. They are saying that we must have altered the accounts after...
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    Liquidation nightmare

    They’re not being considered by the liquidator because they are claiming that they were added to the accounts post liquidation. Which is false.
  5. P

    Liquidation nightmare

    Couldn’t say.
  6. P

    Liquidation nightmare

    Not 100% probably not.
  7. P

    Liquidation nightmare

    End of year was Feb 22 we received the accounts in May. We carried on taking an amount every week until October of that year. We declarded a dividend for the period until the company became unprofitable. They say this was unlawful and they have also disallowed that.
  8. P

    Liquidation nightmare

    Thanks. I know that may be the case. We are going to offer something but our figure has to be based on the amount at the very least with the allowances added as their basis for not adding them is not true.
  9. P

    Liquidation nightmare

    But the reason they aren’t excepting it isn’t because of any of the reasons that you have stated. It’s because they think these figures were added POST LIQUIDATION. which in theory means after we received the first letter from the lawyer. This is a very serious accusation without any evidence...
  10. P

    Liquidation nightmare

    we instructed the liquidator and gave them everything we had that they asked for eg, bank statements, ID, details of the company, at the time they were mostly interested in the vehicles (2 vans) that were to be handed over. They say that we didn’t list the tools and goodwill on their forms but...
  11. P

    Liquidation nightmare

    The letter states that as these allowances weren’t on forms they were given at the beginning that they must have been added post liquidation which is an absolute lie and we have lots of evidence to prove that.
  12. P

    Liquidation nightmare

    But from the letter, they’re not disputing the assets (goodwill and tools) or the value claimed against them. They’re disallowing them because apparently they weren’t listed of the forms we sign upon instruction of the liquidation company. The accounts in question were done a year previously. So...
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    Liquidation nightmare

    Thanks for the reply. I’ve looked at the letter again and they are not disallowing the Goodwill and Tools from the accounts because they disagree with them. It seems that they weren’t included in the forms that we completed at the start of the process. This must have been an oversight by us but...
  14. P

    Liquidation nightmare

    But ending up paying more back than the original debt doesn’t seem normal either. As a liquidator yourself what kind of % is likely to be accepted as a settlement. We don’t have anywhere near what they’re claiming but want this to end.
  15. P

    Liquidation nightmare

    The reason the DLA is so high is partly due to the fact that the liquidation is not accepting the Goodwill and tools that was introduced to the business. This was done by the accountant and now the liquidator is overruling it. Is this in anyway normal. I’ve spoken with a few liquidators and...
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