Hi JoThank you for your reply.
Currently I want to know what will happen to the overdraft in 4 weeks when the company is struck off ? As one of the 3 guarantors, the other 2 being current directors, will I be liable to pay the day after it is struck off ?
As far as I understand there have been a number of criminal acts committed by the directors applying to have the company struck off by not informing me (or my wife) as shareholders, and by not clearing its debts (the overdraft to the bank, an agreed offer to 'pay us off' through the solicitor and a loan from my other limited company).ThanksDarren
HiYes you are correct .... it was an overdraft of £25K on the companies bank account that was personally guaranteed by myself and 2 other directors.
What also came to the light is the key director (MD) was banned from being a director at the time so didn't sign this ..... and has a history of this kind of behaviour. We have had nothing to do with the company for 18 months now.
Thank you. So is there any advantage to us objecting to the company being struck off based on the fact we haven't been informed, and are owed money both personally & to our limited company ?
Ultimately we want to be removed as a guarantor, which they know but are refusing to do so because they know they also owe us money, so are using the guarantor as a weapon against us.