I have had an enquiry from a building contractor about forming a new company.
He has and exisiting company, but has been advised, I dont know who by, to form a new company, as the existing company has a major debtor who has gone into liquidation owing them money.
His problem he foresees is that he will not be able to get a bank account for the new company, as it has a poor credit rating. He has already tried the major banks with no luck. Any advice who he could tutn to.
I have heard of Natwest having a new business account that helps those with non or poor credit rating if that helps, can't remember the name of the account now but will have a look in a bit.
