Wrong Address at Companies House!

user1977

Bookworm105 said:

user1977 said:

MoodyMand45 said:

Brie said:

MoodyMand45 said:

Someone I know went out of business and they have started a new business however this time they have mixed up the address on Companies House, debt collectors appeared at their home forcing them to re-mortgage shortly after.

I notice they are using the Postcode of their mothers house and a neighbours door number in our street which makes no sense.

They are also giving other mixed up addresses for the directors with one having their old business address which is now an empty building with a To Let sign on it.

Maybe it's none of my business but I wondered if it is legal!

This doesn't make sense.  How could a debt collector force someone to remortgage?

Sorry I did not mean to say "the debt collector forced then to re-mortgaged" but they re-mortgaged the house shortly after debt collectors came knocking on the door after money when their old business failed.

Still doesn't make much sense. I doubt the address on Companies House was relevant to the scenario.

depends if there was a personal guarantee in place from the director in favour of the company. Debt collectors can call that in if they have gone through the right steps to get there.
If the director was then foolish enough to have their own house in their own name then that house is an asset that is vulnerable under the guarantee, hence remortgage to release funds from it.

If a creditor was relying on a guarantee, it would be a bit daft of them to have not already verified the home address of the guarantor. I doubt the Companies House info would be relevant.

Bookworm105

user1977 said:

Bookworm105 said:

user1977 said:

MoodyMand45 said:

Brie said:

MoodyMand45 said:

Someone I know went out of business and they have started a new business however this time they have mixed up the address on Companies House, debt collectors appeared at their home forcing them to re-mortgage shortly after.

I notice they are using the Postcode of their mothers house and a neighbours door number in our street which makes no sense.

They are also giving other mixed up addresses for the directors with one having their old business address which is now an empty building with a To Let sign on it.

Maybe it's none of my business but I wondered if it is legal!

This doesn't make sense.  How could a debt collector force someone to remortgage?

Sorry I did not mean to say "the debt collector forced then to re-mortgaged" but they re-mortgaged the house shortly after debt collectors came knocking on the door after money when their old business failed.

Still doesn't make much sense. I doubt the address on Companies House was relevant to the scenario.

depends if there was a personal guarantee in place from the director in favour of the company. Debt collectors can call that in if they have gone through the right steps to get there.
If the director was then foolish enough to have their own house in their own name then that house is an asset that is vulnerable under the guarantee, hence remortgage to release funds from it.

If a creditor was relying on a guarantee, it would be a bit daft of them to have not already verified the home address of the guarantor. I doubt the Companies House info would be relevant.

I am commenting on why people are surprised at the idea of a debt collector coming to a door, not what address info is on Co Hse.

mlz1413

Reading the whole thread, is OP concerned her friend has intentional given false addresses because they have previously had to bail out a failing company.

Or they are concerned because they want to report the 'error'?

As a 3rd party judging on the limited info given I would say leave your friend to it.  If they think giving mixed up addresses will save them from running a company at a loss let them carry on, a limited company is a legal entity so it's directors have legal responsibilities. 

 Also any company they trade with that needs a personal guarantee will do thorough checks before lending money or give products, so I doubt wrong addresses will get passed the people likely to call the debt collectors.