Money paid to liquidated companies bank account

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sm9ai

Free Member
Sep 5, 2011
28
2
  • #1
    Hi,

    I have run into a situation where the cleaning company that we use went into liquidation, and a new company was formed by old members of staff, and took over the existing contracts.

    I managed to miss the emails on this, which informed me of new bank details, and I paid one of their invoices to the old companies bank account.

    I have spoken to my bank, and they say they cannot get the money back and to speak to the liquidators.
    The liquidators say as the account had a shortfall, no money was passed to them so they cannot help and I should speak to the bank.

    Is there anything I can do to get the money back?
     
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    numbersrule

    Free Member
    Jan 4, 2019
    728
    177
    Leyland, Lancashire
  • #2
    Sadly, it sounds like you have paid money to a company in liquidation which is a company that may not be able to pay all it's creditors.

    You have become one of their creditors.

    This means the Company in Liquidation may not be able to pay you back.

    Your bank advised you to contact the Liquidators because the Liquidators are in control ( or will be in control ) of the Company.

    The Liquiditators told you to contact your bank because the Company's bank account was probably overdrawn and your payment has simply reduced their overdraft. But they are unlikely to be able to pay the money back because there are strict rules about payments to creditors of Companies in Liquidation.
     
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    Lisa Thomas

    Lisa Thomas

    Business Member
    Business Listing
    Apr 20, 2015
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    www.parkerandrews.co.uk
  • #4
    It depends on timing of the payment/liquidator's appointment. The Liquidator cannot send you what they don't have so it seems like your only option is to argue it out with the bank.
     
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    sm9ai

    Free Member
    Sep 5, 2011
    28
    2
  • #5
    Thank you for the responses.

    Yes, I believe the companies bank account was overdrawn. The payment was made two days after the liquidator was appointed.

    I think it does sound like an argument with the bank is needed (probably both my bank and their one).

    In this situation, it was a relatively small amount, it is somewhat concerning that if it was a significant amount of money then it could be extremely painful.

    I guess I could also not pay the new company, not sure this is the ideal situation though.
     
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    Lisa Thomas

    Lisa Thomas

    Business Member
    Business Listing
    Apr 20, 2015
    5,465
    1
    1,446
    www.parkerandrews.co.uk
  • #6
    sm9ai said:
    Thank you for the responses.

    Yes, I believe the companies bank account was overdrawn. The payment was made two days after the liquidator was appointed.

    I think it does sound like an argument with the bank is needed (probably both my bank and their one).

    In this situation, it was a relatively small amount, it is somewhat concerning that if it was a significant amount of money then it could be extremely painful.

    I guess I could also not pay the new company, not sure this is the ideal situation though.
    Click to expand...
    Be careful - 'Newco' can then pursue you for non payment as it's unlikely to b their fault you paid into the wrong bank account...
     
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    louis292

    Free Member
    Feb 3, 2026
    29
    11
  • #7
    sm9ai said:
    Hi,

    I have run into a situation where the cleaning company that we use went into liquidation, and a new company was formed by old members of staff, and took over the existing contracts.

    I managed to miss the emails on this, which informed me of new bank details, and I paid one of their invoices to the old companies bank account.

    I have spoken to my bank, and they say they cannot get the money back and to speak to the liquidators.
    The liquidators say as the account had a shortfall, no money was passed to them so they cannot help and I should speak to the bank.

    Is there anything I can do to get the money back?
    Click to expand...
    That’s rough but don’t let everyone pass you between bank and liquidator until you give up. Get everything in writing, ask who legally received the funds and whether the invoice created any obligation on the replacement company side. Sometimes being politely annoying works better than waiting.
     
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