Cold call from vultures

Discussion in 'Insolvency' started by Bay, Dec 4, 2019.

  1. Bay

    Bay UKBF Contributor Free Member

    64 3

    I was cold-called by a business consultancy today. They have obviously seen the business is in trouble. They were offering to buy the business from me (for a fee) to make my problems go away. They would also negotiate any PGs on my behalf and offered a service for eliminateing overdrawn DLA (if there were one).

    I'm naturally very suspicious but wondering if this is a valid service that can add value to me?
    Posted: Dec 4, 2019 By: Bay Member since: Mar 6, 2019
  2. Gavin Bates

    Gavin Bates UKBF Enthusiast Free Member

    668 136

    I have seen these things before and at best it is wrong or at worst a scam.

    Could you confirm the chaps name as I may be able to tell us more


    Posted: Dec 4, 2019 By: Gavin Bates Member since: May 9, 2016
  3. DrinkMan

    DrinkMan UKBF Newcomer Free Member

    11 0
    Does the deal include you working for them at some point after they take your business from you for a fee ?
    Posted: Dec 4, 2019 By: DrinkMan Member since: Nov 19, 2019
  4. obscure

    obscure UKBF Ace Free Member

    3,269 833
    Do they provide guarantees as to what the results of that negotiation will be?
    "We negotiated on your behalf.... the other party refused to agree to anything so you still owe all the money. Bye."
    Posted: Dec 5, 2019 By: obscure Member since: Jan 18, 2008

    JEREMY HAWKE UKBF Legend Full Member

    5,031 1,679
    You could be blunt and tell them to F off

    Then find a reputable company
    Posted: Dec 5, 2019 By: JEREMY HAWKE Member since: Mar 4, 2008
  6. Mark T Jones

    Mark T Jones UKBF Big Shot Free Member

    4,575 1,682
    If you want to play along and discover more, ask lots of detailed and specific questions and demand written responses

    90% of crooks won’t respond - any legit company will

    if they do respond we will have Farr better information to advise on
    Posted: Dec 5, 2019 By: Mark T Jones Member since: Nov 4, 2015
  7. Lisa Thomas

    Lisa Thomas UKBF Enthusiast Free Member

    3,519 446
    How do they know the business is in trouble - has there been a recent CCJ or a winding up petition advertised?
    Posted: Dec 5, 2019 By: Lisa Thomas Member since: Apr 20, 2015