Advice please

kellysole

Hi not sure if this should go on this forum but cannot find the right forum to post in.

Just want a bit of advice.

I used to hire a venue for corporate events back in 2009 and that company was put into administration. I owed them approx £15k before the company was shut down. Since then the company has been bought out of administration by a new company (although they are the same owners) and they are chasing me for this money. It is the owners direct though that are chasing and not PwC the appointed administrators.

They still owe approx £5m of debt of which I know over half has not been paid as I know the suppliers but yet they are chasing me for my amount.

They cannot provide me with any formal signed agreements as it was more a gentlemens handshake. We did have contracts but none were signed to my knowledge.

Do I still owe them this money and if so do I approach PwC direct to resolve as I cannot see any justification why the owners are chasing me other than to put the money in their back pocket?

unholyangel

You could call the administrators to ask them what the situation is.

getmore4less

unholyangel wrote: »

You could call the administrators to ask them what the situation is.

That would alert them to the debt.

I would ignore the new comopany you owe them nothing.

Up to you if you want to own up to the debt, but if there is no record of it what can they do.

Did they ever invoice you?
Would the company records show, venue hire etc but no payments to tie up with it.
any 3rd party supplier paid via this company that would know about it
etc.

langsmith

I'd have thought the debt goes with the previous company and any administrator would chase debts for the first company.
I think the owners are chancers, if no contract was in place, how was your company going to cover payment on a 'gentleman's agreement', was there any invoicing? If so, PWC will find the copies and come knocking on your door for any outstanding debt.

Hold onto your money for now, and discuss the matter with a solicitor or company accountant first. Do not pay anything until your position is confirmed. You can always use Regus...