Hi, Thank you for your question and welcome. My name is ***** ***** I will assist you. Is the car show room a limited company? Did you pay the money directly to the auction house? Kind regards AJ
Hi, Thank you. Assuming you have no other interest in the company (i.e shares) - then technically this is just a debt the company owes you. If you minus the £7k already repaid then you could simply sue them for the balance in the county court. Do you have any correspondence with the company showing that you agreed to transfer the cars into its name?
Hi, Thank you. If the debt has been acknowledge that is really all you need as evidence to take the company to court. Does the company currently have any assets? Kind regards AJ
Hi, Thank you. You are right the gravitas of a letter from a local solicitor demand payment or threatening legal action is often a helpful nudge to get debtors to pay. If he does not pay then you have to be certain that the company you are suing has money to pay any Judgment otherwise it would be good money after bad. I would be most grateful if you would take a moment to rate my answer. Kind regards AJ