Lloyds closed my accounts hard getting new one

themadhouse

Yes. Lloyds have out of date information.

Ed-1

eskbanker wrote: »

Just a thought but does resignation as owner/director/shareholder automatically mean that you're no longer linked to the company bank account? Obviously new owners would normally be keen to change authorised bank account signatories and so on, but if they failed to do so for whatever reason, then Lloyds could presumably argue that, regardless of company sale info being in the public domain, OP could still be associated with the company bank account if they weren't explicitly advised otherwise?

If OP's name was still on the account somewhere then Lloyds are understandably going to place a CIFAS marker against OP. As a result they then become a risk to the bank and have their personal accounts closed (not immediately though as Lloyds can't be sure who actually committed the fraud; if the fraud had occurred on OP's personal account the accounts would be closed immediately). It's like having a joint account where the other account holder commits fraud and saying 'well it wasn't me' even though it was on an account you're named on.

themadhouse

I understand your point, but surely it is the responsibility of the new owners as I would not have any position to make any changes?

colsten

themadhouse wrote: »

I understand your point, but surely it is the responsibility of the new owners as I would not have any position to make any changes?

Surely it is your responsibility to make sure that your name comes off any bank account that you were a signatory on, or that any account you are on gets closed? And to allow anyone else to come onto your account? Were the new owners already on the account before the sale?

themadhouse

No they were not on the account.

colsten

So you sold them the company and assumed they would now be signatories on your account? And that they ask Lloyds to remove you from the account, or close the account, without you giving your explicit consent to this? Or did you just forget that the banking facilities need to be sorted out? Can you see where the problem lies? I can.

themadhouse

I was assured that they would get the accounts changed, I didn't doubt them as it would be a risk for them not to.

What can I do?

eskbanker

themadhouse wrote: »

I was assured that they would get the accounts changed, I didn't doubt them as it would be a risk for them not to.

Unfortunately it was a risk for you too if they didn't.

themadhouse wrote: »

What can I do?

In terms of what to do now, it sounds to me like you need to throw yourself on Lloyds' mercy - first establish if you're still named as a signatory on the relevant account(s) and take it from there. It's no good trying to convince them that they should be looking up information at Companies House - if you're still party to this account and have never told them otherwise then ultimately you can be held responsible for activities associated with it. Start from that way of thinking and then try to prove to Lloyds that you haven't accessed the account for two years, etc. There was talk earlier in the thread about raising Subject Access Requests, it'll probably be worth doing so with Lloyds if you haven't already....

jonesMUFCforever

themadhouse wrote: »

I was assured that they would get the accounts changed, I didn't doubt them as it would be a risk for them not to.

What can I do?

They needed completely new bank accounts not change signatories on the existing account.
Selling to A N Other and now finding fraudelent activity on the account - well good luck with getting a new account.
I'm 100% certain it will not be with Lloyds.

themadhouse

Just to clarify the bank account was a limited company bank account.