We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Bounce back load- dormant company

Options
adi0604
adi0604 Posts: 44 Forumite
Part of the Furniture 10 Posts Combo Breaker
Hello,

Looking for advise from similar suitable of outcomes.

My limited company Barclays BBL  I haven't paid anything since last couple of years as limited company has been dormant and Barclays closed my business account with them over 15months ago.

They have given debt to collection agencies. So far just letters to contact them for principle amount.

Please can anyone advise steps or what happens? any one in similar situation ahead of me?

Does this affect my personal credit score?

Appreciate any inputs. Thanks

Comments

  • DullGreyGuy
    DullGreyGuy Posts: 18,590 Forumite
    10,000 Posts Second Anniversary Name Dropper
    There were no personal guarantees so no. There was a governmental guarantee so unlikely they'll attempt to make the company bankrupt that could have resulted in your being banned from being a company director. 
  • adi0604
    adi0604 Posts: 44 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    There were no personal guarantees so no. There was a governmental guarantee so unlikely they'll attempt to make the company bankrupt that could have resulted in your being banned from being a company director. 
    I thought so as well but just not sure when they will claim govt. guarantee and leave me.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.7K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.