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Post Info TOPIC: New client in Liquidation


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New client in Liquidation
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Thats a good question Kris!

Not sure on any of it to be honest. They seem geniune and I would invoice monthly and because to start with I would be working at their premises I would think I would get paid okay, although you never know.

I worked for someone like this last year and I always got paid in cash and on time so I can only hope this is the same?

Edit:-  Its compulsory liquidation, I have just looked on the net.



-- Edited by Amanda on Saturday 29th of December 2012 01:17:48 PM

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Amanda



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Hi,

I have just taken on a new client and I have found out they are in liquidation.  They did tell me on the phone that they were wound up by HMRC for not paying their PAYE, and they had a payment plan in place but HMRC decided to call it in.  I have no idea at the moment how much it is for?  They did this on the accountant's advice.  I think they have opened up a new company although not sure on this one.  The paperwork I have to sort out is the back log and I think its the yr end April 2012, although I will find out more about this when I start work for them.

Am I worrying about nothing or should I be alarmed at this one.

On the plus side, they have a good little business and have a decent turnover (so I am told), and I am confident that they could do well if someone holds their hand with the financial stuff.

What are your thoughts?

Many thanks



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Amanda



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If the company is in liquidation who is your client, Amanda? And can you be sure of payment?

Kris

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I'd certainly be looking for cash upfront.

Kris

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BKN Most Innovative Accountancy Firm 2012

Director and Co-Founder of The Bookkeepers Alliance

 



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Hi Amanda,

As Kris first asked; if the company has been compulsorily wound up, who is contracting you??

If they are in administration/liquidation, I assume ONLY the liquidators/administratos can pay you, so I'd be VERY careful.

Ridesy

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