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PPI reclaim for a business ceased trading

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Hi all,

I've had difficulty finding much about PPI reclaims for business, so apologies if this has been posted already somewhere else. I am wondering if anyone can offer any advice? I had a business that ceased trading several years' ago. The bank in question informs me that I do indeed have PPI associated with the accounts, but that it cannot proceed unless I re-instate the business, as it needs to be an 'active' business in order for them to investigate.

The business name has been taken over by another company (though they are trading in something completely different), so any idea what I can do in order to pursue a claim?

Many thanks

Tim

Comments

  • dunstonh
    dunstonh Posts: 119,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The business name has been taken over by another company (though they are trading in something completely different), so any idea what I can do in order to pursue a claim?

    If your complaint is successful, it will be paid to the company. The company would need to be reactivated as the bank have said and a tax return completed as this will be profit and subject to corporation tax and potentially dividend tax when paid out.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Our company has just been closed.
    To save me digging out all the details is it possible to view online - details of the loan taken out by my closed company? The loan was repaid 4 years ago.
  • dunstonh
    dunstonh Posts: 119,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    To save me digging out all the details is it possible to view online - details of the loan taken out by my closed company?

    No. That sort of data is not in the public domain.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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