Separate names with a comma.
Discussion in 'Insolvency' started by TheScorpio, Jan 15, 2018.
We know they have assets but depends if they have been transferred or at least properly.
So would you need to send someone to their old site?
No, just the new site on the outskirts of the city. We have confirmed they are in the new location, but they haven't changed anything online to show the new address, presumably to shake of potential creditors. They have then "involved" an IP but hasn't gone anywhere yet.
Anything to link new company and old company to each other?
Same unique apart of name (Different wording at the end), same directors, same type of business, same staff, using same equipment.
So could well be a new company on the level. Or not. And no way for you to investigate.
It all depends if they have transferred everything properly, this is what we were going to try for, but the late filing has stopped us as like mentioned above their system show the company "isnt trading" due to this.... Seems its so simple for people/companies to do this.
Why not just use a debt collection company?
You could pay to wind the company up as is your right as a creditor but if it has no assets then it won't gain you anything you don't already have. Do you want to spend a few grand doing that so the company can be investigated by an IP?
The directors tell the debt collection company the company has ceased trading and has no assets.
Debt collection company then passes file back to their customer. Can waste a few weeks that way but not sure anything can be achieved.
The company is already in the process, or "involved" an IP to send our initial letters, but nothing has materialised as of yet. Probably a time buying exercise, while we are trying to enforce but hitting road blocks.
So get your own IP involved rather than an IP chosen by the company. If they even use an IP themselves.
Only the Directors can appoint an IP.
For the creditor to do it they would need to pay a few thousand pounds to put the Company into Compulsory Liquidation through the Courts and then deal with the Official Receiver as initial Liquidator. Only after that can a creditor try and appoint their own choice of IP to replace the O.R.