Revs1972
Member
- Messages
- 1,845
- Location
- Torquay, UK
I think when you have to start robbing Peter to pay Paul, is when you realise it's going wrong. Unfortunately the next 2 companies I worked for after the one that went pop , went the same way , but it was easier to see the writing on the wall.
Again, owners living the high life and forgetting VAT had to be paid , along with PAYE, corporation tax....etc etc etc
£120k of hydraulic press got sold by HMRC for £15k. By the time the removal fees were taken off , I think it reduced their bill by about £10k
Though it was a bit of sport with a touchy bailiff who tried to re educate me when I told him he couldn't put the items he wanted to under his control .
Once he'd calmed himself down, I pointed out the reason why was because they were under the control of another bailiff for another debt.
I was owed 2 weeks wages so I sat in the insolvency companies office until they made the payment. Found out later that the chap was actually struck off from acting as an insolvency practitioner at the time. Lucky escape there
