Help PLS... Talkworld gone BUST??? merged

hoyin

I would also refrain from ringing the liquidators and asking questions or asking when and how much money you will be getting.

The more you bother them the more admin work they have to do, the more admin work they have to do the more they get paid per hour.

The more they get paid - the less money you get back!

stuwilky

hoyin wrote:

I would also refrain from ringing the liquidators and asking questions or asking when and how much money you will be getting.

The more you bother them the more admin work they have to do, the more admin work they have to do the more they get paid per hour.

The more they get paid - the less money you get back!

The paperwork says they are doing it for a fixed charge of £10k.

We arent getting anything back.

Now time to establish the relationship between Talkworld Online, and the other companies with the same address, the companies based at 11Queens Road, and the relationship with what is apparently the parent undertaking (Comtec).

fruitcake_2

Is anyone going to attend the meeting on the 18th? Was thinking of going myself, but thinks it may be a waste of time, it's miles away too, so will cost me to get to Essex and sort out accomodation....any thoughts...

hannanshah

Has anyone sent off the Proof of Debt form from the website? Do the end bits of the form need to filled in by us (Admitted to vote/preferentially etc.)?

I presume boxes 1-4, and 8, 9 and 11 are the boxes we need to fill.

As for documentary evidence, what should I send? The original Cashback claim form was obviously sent to Talkworld. I have the special delivery receipt, screen shots of when I placed the order but no copy of the Cashback claim form.

heraldic

I think the liquidators will contact you if they require documentation. The fact that they wrote to you means that they know you are a creditor, and they should have recorded the amount owed under the cashback scheme.

Anyone made any progress on whether we could have a claim against the directors/group companies?

bolshaya

Would need to see some accounts to see if any criminal case is viable.

If there aren't any recent accounts or there is evidence of trading whilst insolvent then it is likely a criminal matter.

some details below.

=====

Directors Disqualification

A guide to the Company Directors Disqualification Act (CDDA).

Little known but very significant powers are contained in this Act, which, ostensibly, seeks to ban "unfit" directors from holding such office. Key points that the DTI seeks to ban directors on:

Failure to submit accounts on time
Failure to submit annual returns on time
Excessive remuneration whilst insolvent
Trading whilst knowingly insolvent
Continuing to take credit when there was "no reasonable prospect" of creditors being paid.

It should be noted that director’s disqualifications are still relatively rare (circa 1500 pa) but with a special web site to stop rogue directors https://www.companieshouse.gov.uk continuing to act illegally and some high profile disqualifications such as Terry Venables, they are much more in the public domain.

Government policy has also been beefed up with the introduction of the Insolvency Act 2000. Part of this legislation is to speed up the process of and increase the volume of directors disqualifications. In a "fast track" approach directors can admit culpability in return for lighter "sentences". In other words rather than take 3 –5 years to proceed with actions by the state followed by, say, an 8 year ban for contravention, the director can elect to admit liability immediately for say a 4 year ban.

Quite how this will work in practice remains to be seen.

Important points to remember:

CDDA only applies where the company has gone into liquidation.

Usually company voluntary arrangements have a mitigating effect, provided the directors take all reasonable steps to maximise creditors interests.

Directors can become personally liable for the "wilful failure" of their company to operate PAYE on their remuneration. (Under s 71 of The Criminal Justice Act 1988 (Confiscation Orders 1996) and s 114 The Social Security and Administration Act 1992 it is possible for the court to confiscate a directors property as a consequence of such failure). Sorry for the jargon but this is an overlooked and important point.

The Court can make a disqualification order of between 2 and 15 years for unfit conduct.

CompanyRescue Ltd does not advise using liquidation or phoenixism to turnaround a viable company unless there are very exceptional circumstances.

Where advice is required on the effects of trading whilst insolvent, directors becoming personally liable for a company’s debts, the confiscation of director’s property under the Criminal Justice Act or any other failure to observe a director’s fiduciary duty...

trixienolix

Not sure if this helps but here's some of the info that I found out before:

The Companys accounts are for 12 months ending 31/12/2003 and are the first on file. These are the only accounts that have been filed. These are modified accounts as the company is exempt from certain disclosure regulations, including the requirement to file a profit and loss account, under the `small company classification of Sections 246 & 247 of the Companies Act 1985.
The profit and loss account deficit of GBP12738 suggests that the company made a post-tax post-appropriation loss of GBP12738 during the first period of trading.
Net current liabilities are GBP13486.
Bank and cash figures total GBP434.
There are accumulated losses of GBP12738.


Latest Accounts: 31/12/2003
Annual Return: 31/03/2005
Next Accounts Due By: 31/10/2005
Accounts Filed Late: Yes

here are the names of the directors etc:

Company Secretary SITANSH NARENDRA KUMAR SHAH
Director PAUL JONATHAN ROYCROFT
Director SITANSH NARENDRA KUMAR SHAH

I couldn't find their names on any disqualified directors lists.


Also... anyone seen The Guardian today? page 25 of the G2 section

gtz101

so basically this company is a scam.

Is they are still out there and active, they must honour the cash backs otherwise you should take them to courts. You wont lose anything, they will.

Global_3

I can confirm that all your suspicions are correct.!

This company has "Done ONe"..... In future, BE AWARE of cashbacks...

NO Deal is too good to be true... theres always a catch..

Theres no such thing as FREE!
Stick to the standard tariffs, with set monthly rate UR happy with for the duration.


Regards,

Global

Micky

Global wrote:

NO Deal is too good to be true... theres always a catch..

Theres no such thing as FREE!

Really? e2save supplied me with 4 'phones (500 mins calls and 100 mins texts) last year. Total cost was zero. Nothing. Free.