Recent content by Venus888

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    Company Directors in trouble with liquidator

    Thank you so much for your reply. This is exactly which caused the problems for me, because accounts where not done, the liquidator asked me to calculate my DLA just by going through the bank statements. I am not an accountant and didn’t know anything about how the DLA is calculated. For...
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    Company Directors in trouble with liquidator

    Yes, I have, I was eligible for £7,000. I have everything in writing from them.
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    Company Directors in trouble with liquidator

    Okay, thank you for your clarification. Does the fact that I had some outstanding amounts owed to me when I paid bills for the company with personal funds, and these sums were never accounted for. I have a proof of these amounts. Also, I was entitled to statutory redundancy payment (have this...
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    Company Directors in trouble with liquidator

    Thank you so much for your valuable advice. Can I still go back to my accountant and ask to calculate final accounts for the business until the cessation? This never been done because the IP told me not to do that. I have been in liquidation for 3 years now.
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    Company Directors in trouble with liquidator

    No, didn’t owe anything to the landlord. I moved out within the lease term.
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    Company Directors in trouble with liquidator

    Yes I kept paying suppliers and creditors right to the end. There was very small amounts outstanding to other creditors besides the BBL (£5k). The biggest creditor was the BBL, but repayments were not due yet, not for a few months, and I could have asked the bank to defer even further. I wasn’t...
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    Company Directors in trouble with liquidator

    Estimated total deficiency/surplus as regards members was £40k I am not sure if this is the answer to your question as there is also “estimated deficiency/surplus of assets after floating charges” which was £3,000 on the Statement of the Affairs. Thank you so much for your valuable comments...
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    Company Directors in trouble with liquidator

    This is the main issue, that’s why I think I was tricked by the liquidator to sign up with them, because the company didn’t have any major debts. Only about £5k to HMRC which was on payment plan and I never missed a payment. Also, I used personal funds in the past to pay for vat, business rates...
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    Company Directors in trouble with liquidator

    My accountant issued dividend vouchers to me which credited my DLA. The financial position of the company at the time was okay. There was £45k balance in the company bank account. The BBL was fully outstanding £30k. The dividends were £12k. So dividends were paid out of profit. Does this suggest...
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    Company Directors in trouble with liquidator

    They escalated it to £45k now. First they were only talking about DLA, but now they came up with the accusation of preferential payments and added up everything that I ever paid myself in the last 2 years (which wasn’t on payslip) and they want it back.
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    Company Directors in trouble with liquidator

    The IP told me not to file last set of accounts. He literally stopped me talking to my accountant and told me to go through bank statements myself and calculate my DLA, but I didn’t know how to do that, hence the figure I gave him is incorrect. Now I know because I eventually went to my...
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    Company Directors in trouble with liquidator

    No, I didn’t. I was paying myself on monthly basis. Some months I didn’t pay myself at all and then the others I paid myself more. Depending on the situation and of course I was modest with spending because it was during the pandemic and business was 50 % down. I was paying for all other...
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    Company Directors in trouble with liquidator

    Any company directors here who have had a bad experience with a liquidator? I am dealing with very difficult situation liquidating my limited company which stopped trading during the pandemic. I think I was scammed by the liquidator who didn’t explain the process of Creditors Voluntarily...
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