Just starting again without closing up
Discussion
So one of our customers has emailed us and told us they wont be paying an outstanding invoice as they are "no longer trading". A quick look on facebook and experian shows they have just Renamed the facebook page, started a new LTD company and continued as if nothing has happened.
Now I'm pretty sure you can't just decide to "no longer trade" ignore all your debts, transfer everything to a new company and start again without properly closing the first company down by either dissolving it or liquidating it, but they are convinced that its fine,
Its not much money but I'm curious to know what legally speaking they do need to do.
Thanks
Now I'm pretty sure you can't just decide to "no longer trade" ignore all your debts, transfer everything to a new company and start again without properly closing the first company down by either dissolving it or liquidating it, but they are convinced that its fine,
Its not much money but I'm curious to know what legally speaking they do need to do.
Thanks
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