POSTGOLDFORCASH in Liquidation

Madpolly

Enfieldian wrote: »

What?

I saw a Saab driving down the road today but the manufacturer no longer exists... What relevance is a few envelopes left lying around in WH Smith.

Legal/Accountancy experience has no bearing on this at all.

You have had the answer to your question repeatedly already. In case you missed it.... DON'T USE THEM.

Why the need to be so abrasive with your post. I simply wanted to know if, from a legal point of view, a company can trade when they are in the process of liquidating. So accountancy/legal knowledge would be relevant.

And thanks to others for the more relevant posts

fallen121

Not all postal gold companies are bad. There's one gold trader in Wootton Bassett who gets excellent reviews - Google them and read the reviews for yourself - they are spread across several different review sites and I am fairly sure they're not fakes as have left two of the many hundreds of reviews myself.

Moreover, if you still have doubts, do as I did and PHONE THEM. They happily answer even the most stupid questions and if at the end of the day your decide that it's not for you, then no harm done. Think I have now sold to them 3 times.

sharpy2010

Madpolly wrote: »

Why the need to be so abrasive with your post. I simply wanted to know if, from a legal point of view, a company can trade when they are in the process of liquidating. So accountancy/legal knowledge would be relevant.

And thanks to others for the more relevant posts

Why not just use a company that ISN'T in liquidation? There are plenty of them.

CKhalvashi

Madpolly wrote: »

Why the need to be so abrasive with your post. I simply wanted to know if, from a legal point of view, a company can trade when they are in the process of liquidating. So accountancy/legal knowledge would be relevant.

And thanks to others for the more relevant posts

If it's been swallowed up by a larger company, then this is a lot more difficult.

We still have ARO branding on a lot of our mainland European fleet, yet it was sold to us and the original company liquidated about 8 months ago.

CK

arcon5

CKhalvashi wrote: »

They're in voluntary liquidation, which means you should be paid, but I still wouldn't take the risk.

CK

No it doesn't, it just means they applied to the court to be wound up rather than a creditor applying. Difference being it will be dealt with by the Insolvency Service instead of an independent Insolvency Practitioner - but the end result is the same.
They are probably still insolvent and seeking to close down. Op could get lucky and be part of a customer base being sold on - or unlucky and end up as a creditor.

CKhalvashi

arcon5 wrote: »

No it doesn't, it just means they applied to the court to be wound up rather than a creditor applying. Difference being it will be dealt with by the Insolvency Service instead of an independent Insolvency Practitioner - but the end result is the same.
They are probably still insolvent and seeking to close down. Op could get lucky and be part of a customer base being sold on - or unlucky and end up as a creditor.

From the accounts, it doesn't look at though this is the case, however to an extent, I do agree that a lot can change in nearly 2 years of trading.

CK

antrobus

arcon5 wrote: »

No it doesn't, it just means they applied to the court to be wound up rather than a creditor applying. Difference being it will be dealt with by the Insolvency Service instead of an independent Insolvency Practitioner - but the end result is the same. They are probably still insolvent and seeking to close down. Op could get lucky and be part of a customer base being sold on - or unlucky and end up as a creditor.

No, in this case Postgoldforcash Limited appear perfectly solvent. The notice in the LG records the appointment of a couple of IPs from the wonderfully named Quantuma Restructuring and the fact that they have been "authorised to pay unsecured creditors in full".

Madpolly wrote: »

..... I simply wanted to know if, from a legal point of view, a company can trade when they are in the process of liquidating. So accountancy/legal knowledge would be relevant....

Trading while insolvent is frowned upon and can lead to both civil and criminal penalties. However, the liquidators of companies can (and frequently do) carry on trading in some form, and in any case, as noted above, Postgoldforcash isn't insolvent.

Pollycat

Kerry
have you checked with MSE that you are OK to post on here as a representative of Postalgoldforcash?

From MSE rules:

How do I get a right of reply on what's been said about my company?
If you're from a company, have seen a post you feel is misleading or offensive, and would like the right of reply, please email the Forum Team at [EMAIL="forumteam@moneysavingexpert.com"]forumteam@moneysavingexpert.com[/EMAIL].
A member of the MSE Team will carry out checks to confirm you are authorised to represent the company in question.
Provided you have the authority, you may either be asked to give a statement, which one of the MSE Team will post on your behalf, or be given permission to post directly on the specific thread.
Where permission has been given for you to post directly on a thread, a note from the MSE Team will appear on the thread confirming this.

From what you've posted, I can't see there being any problem but you do need to check.

Madpolly

Wow,

I missed the post from these guys. mods please release it!!!!
Bottom line the company is in liquidation - period. Or have the London Gazette got it wrong ??

Inquiring minds would like to know............

Pollycat

It's a pity the post from Kerry was removed but them's the rules.

Why are you so intent on using this company (that may or may not be in liquidation) when there's such a lot of alternatives?

Are they offering way more for your gold than all the other companies?