Left with a worthless franchise

2»

Comments

  • Savvy_Sue
    Savvy_Sue Posts: 47,153 Forumite
    Part of the Furniture 10,000 Posts Name Dropper

    The breach of contract would have to be against the company which appears to have no monetary assets and an uncontactable new Director.
    So, even if you have a 100% watertight case against this company, your legal action would get you nowhere, because the company has no monetary assets - is that what you're saying? It's what I'm reading...
    Signature removed for peace of mind
  • Hi, That is correct and the ex Director states he has no comeback as he resigned and if he is pursued, he will apply for an IVA. He is working and the original website he used for the franchise is now used with a slight alteration to the name and is being used as a company which is under the umbrella of a larger group.
  • Savvy_Sue
    Savvy_Sue Posts: 47,153 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Hi, That is correct and the ex Director states he has no comeback as he resigned and if he is pursued, he will apply for an IVA. He is working and the original website he used for the franchise is now used with a slight alteration to the name and is being used as a company which is under the umbrella of a larger group.
    But you could only take action against the company you engaged with, ie if you signed up with Fred's Franchise, then you can't get recourse from Fred's Fabulous Franchise even if the directors, trading address and all other aspects were identical.

    I believe you've paid for legal advice which indicates you haven't a case. Believe it.
    Signature removed for peace of mind
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
  • 350K Banking & Borrowing
  • 252.7K Reduce Debt & Boost Income
  • 453.1K Spending & Discounts
  • 243K Work, Benefits & Business
  • 619.9K Mortgages, Homes & Bills
  • 176.5K Life & Family
  • 256K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 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.