UK Law

Get UK Law Questions Answered by Verified Experts

Ask an Expert,
Get an Answer ASAP!

This is ...Ok and thank you. What I would like

Customer Question
"This is for Maverick"...Ok and...
"This is for Maverick"...Ok and thank you. What I would like to know then is can the company simply say that it has "ceased trading" and simply do nothing? and by this I mean just (I suppose) go to sleep...go dormant is the expression I think, or does
the company have to wind-up (dissolve). Also what happens if the company has ceased trading but is solvent and given that my debt is not disputed at all can I just go to court? Finally given this is the MD acting outside of his fiduciary responsibilities?
Submitted: 3 years ago.Category: UK Law
Show More
Show Less
Ask Your Own UK Law Question
Answered in 2 hours by:
6/22/2015
Solicitor: Maverick, Advocate replied 3 years ago
Maverick
Maverick, Advocate
Category: UK Law
Satisfied Customers: 6,651
Experience: 20 years proefessional experience
Verified
Please see your previous thread as I have responded there so you do not have to pay again...
Ask Your Own UK Law Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a solicitorLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Ben Jones Your Own Question
Ben Jones
Ben Jones
Ben Jones, UK Lawyer
Category: UK Law
Satisfied Customers: 9,261
9,261 Satisfied Customers
Experience: Qualified Solicitor

Ben Jones is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

A quick response, a succinct and helpful answer in simple English. I believe I can now confront the counter party with confidence -- worth the 30 bucks!

RickLeeds, UK

I did not know a French Law service existed and I was very impressed with the speed of reply --- very professional. Many thanks!

Ms. BakerAlfafar, Spain

Thank you so much for your help. Your answers were really useful and came back so quickly. Great!

MaggieUSA

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

JustinKernersville, NC

< Previous | Next >

Meet the Experts:

Ben Jones

Ben Jones

UK Lawyer

9,261 satisfied customers

Qualified Solicitor

INC

INC

Solicitor-Advocate

3,868 satisfied customers

LL.B, Pg.Dip, LL.M, M.B.A (Pending), Solicitor-Advocate. UK Practising Certificate issued by SRA., DIFC Courts Registered (Dubai)

Jenny Mackenzie

Jenny Mackenzie

2,760 satisfied customers

Over 10 years experience in general legal matters

Matthew J

Matthew J

Solicitor

334 satisfied customers

4 y PQE (Partner) - Commercial / Residential Property & Property and Civil litigation experience

James Mather

James Mather

7,349 satisfied customers

Senior Partner at Berkson Wallace

Clare

Clare

Solicitor

9,513 satisfied customers

family solictor with 25 years experience

Thomas

Thomas

Lawyer

2,177 satisfied customers

BA (Hons), PgDip, Practising Solicitor

< Previous | Next >

Related UK Law Questions
Have asked a question previously, and now moving to the next
Have asked a question previously, and now moving to the next stage. I have 51%, other shareholder holds 49%, no SPA/SHA, PAYE or Employment contracts. Have unreconilable differences. Invited him to sp… read more
Alex J.
Alex J.
Commercial/Corporate
LLB
1,837 satisfied customers
Jo, I am owed 45k by a limited company who refuse to pay
Hi Jo, I am owed 45k by a limited company who refuse to pay as they say that they have ceased trading. I thought that part of ceasing trading was paying your creditors?… read more
Maverick
Maverick
Advocate
6,651 satisfied customers
I have a CCJ against a ltd company over a faulty car. The company
I have a CCJ against a ltd company over a faulty car. The company have now ceased trading and have tried to dissolve the company. I have contacted companies house to freeze this. They are now operatin… read more
Maverick
Maverick
Advocate
6,651 satisfied customers
Hi i,m a director of a ltd company that ceased trading October
Hi i,m a director of a ltd company that ceased trading October last year i sent letters to all creditors hmrc corporate tax and vat and office direct that i had ceased trading due to becoming insolven… read more
James Mather
James Mather
7,349 satisfied customers
Dear Sirs, Can a dormant company sign or issue documents?
Dear Sirs, Can a dormant company sign or issue document? 2 companies (one dormant for several years and the second one is still active in trading) are both part of the same holding. Can the dormant co… read more
Alex J.
Alex J.
Commercial/Corporate
LLB
1,837 satisfied customers
My co-director and 50% shareholder of a limited company with
My co-director and 50% shareholder of a limited company with no shareholding agreement or directors service agreements went into the bank and increased his company credit card limit with false informa… read more
Alex J.
Alex J.
Commercial/Corporate
LLB
1,837 satisfied customers
If a company entered a contract during a year filed as dormant
If a company entered a contract during a year filed as 'dormant' with companies house. Does that make the contract void? Financile year Feb2010 - Feb 2011 Contract October 2010 Thank you… read more
UK-Justice
UK-Justice
Master's Degree
10,176 satisfied customers
I am a company director of three constuction companies. One
I am a company director of three constuction companies. One of these has really taken off in recent months whilst the other two do virtually nothing apart from accumulate costs! They are both linmited… read more
Daniel Smith
Daniel Smith
Bachelor's Degree
3,777 satisfied customers
As a sub-contractor (Ltd Co) we have signed a number of collateral
As a sub-contractor (Ltd Co) we have signed a number of collateral warranties which are backed by PI insurance for up to 12 years. If we cease trading through some voluntary process what happens to th… read more
Senior Partner
Senior Partner
Bachelor's Degree
5 satisfied customers
I am one of 3 directors in a privately owned company, I own
I am one of 3 directors in a privately owned company, I own 50% of the shares and the other 2 directors(who are husband & wife) own 25% each. There has been a breakdown in the working relationship bet… read more
Jenny Mackenzie
Jenny Mackenzie
Vocational, Technical or Trade Scho
2,760 satisfied customers
If a consultant limited company enters into a collateral warranty
If a consultant limited company enters into a collateral warranty and the limited company ceases to trade, what are the implications in respect of the collateral warranty? Is the collateral warranty s… read more
UK-Justice
UK-Justice
Master's Degree
10,176 satisfied customers
In March 2008, my business closed down due to poor high street
In March 2008, my business closed down due to poor high street conditions. All assets were disposed of and the majority of creditors, bank etc were paid, the only outstanding creditor was British Gas … read more
Alex J.
Alex J.
Commercial/Corporate
LLB
1,837 satisfied customers
One of my clients has ceased trading with his Ltd Co. owing
One of my clients has ceased trading with his Ltd Co. owing me £3500. He was knowingly trading insolvent and used a payent of £20k from one of his clients to pay down his own overdraft rather than mee… read more
Alex J.
Alex J.
Commercial/Corporate
LLB
1,837 satisfied customers
What penalties if any are there for stopping a company from
What penalties if any are there for stopping a company from being struck off the restrer of Companies House? The company is solvent but ceasing all activity i.e. it will be dormant, although we hope t… read more
UK
UK
Legal Adviser
Vocational, Technical or Trade Scho
1,760 satisfied customers
I am a Direcvtor in a small limited company. I am also the
I am a Director in a small limited company. My wife is the shareholder. My business partner is a co- Director and shareholder (equal). I wish to sell the companys assets and realise my and my wifes in… read more
Chris_H
Chris_H
Consultant Solicitor
Bachelor's Degree
1,040 satisfied customers
Good morning, We have just ceased trading on the 14th December
Good morning, We have just ceased trading on the 14th December ( a ltd company), however we have a dissatisfied customer taking us to court for a claim against the work we did on his car ( we are an a… read more
Michael Holly
Michael Holly
Bachelor\u0027s Degree
6,742 satisfied customers
How do I avoid paying late filing penanlties for a dormant private limited company
we have a dormant private limited company, no bank account no monies etc and have inadvertently incurred late filing penalties. How can we avoid paying the penalties without a come back on us as the d… read more
TNV
TNV
Bachelor's Degree
883 satisfied customers
I am part of an LLP and owe a fair amount of VAT that I cannot
I am part of an LLP and owe a fair amount of VAT that I cannot pay although all my suppliers are up to date. I am a tenant for a brewery and have not even taken a wage for many months due to cashflow … read more
Jo C.
Jo C.
Barrister
Master\u0027s Degree
38,229 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x