If your company has unsecured debts of £10,000 or more we can buy your LTD or LLP company including ALL liabilities & debts..
Status - Company had over £100,000 in non domestic rates arrears
Solution - Company was purchased and an assignation of the lease to new co. agreed with the landlords
Net result - Company managed to keep trading and transferred previous debts
Status - Company was insolvent, but did not want to go down the route of appointing Insolvency Practitioners
Solution - Company was purchased for nominal sum
Net Result - Directors sold the company and were not associated with a company about to go into liquidation
I had an HMRC debt of £53k - combination of VAT and PAYE. I received a winding up court petition with a deadline of one week to pay or face a court order. W.B.A.C helped me take care of my problem by assisting in the purchase of my company & the debts which included my outstanding bills to both the HMRC & VAT. This enabled me to avoid company insolvency.
Due to poor management of my accounts We found ourselves owing the HMRC a debt of £120,000. We were advised to consider CVA/liquidation both of which would have cost me my company. Fortunately because of. W.B.A.C I was able to start again minus the company debt, I managed to avoid being struck off as a company director and having my assets frozen.
We found ourselves in trouble because we lost a major contract when 'Carillion' ceased trading. Both my bank and the HMRC Issued winding up petitions to have my company wound up. I told Company Debt Support that it was not an issue for me as the company was no longer trading. It was explained that although I was no longer trading. I could still be struck off as a director if the company was liquidated thus causing me reputational damage. It was also explained that this could potentially cause problems if I require any kind of credit or new customers in the future.' Thanks to W.B.A.C I was able to avoid my name being associated with a liquidated company.