I’ve just had an email with the following attached:
“Dear Sir/ Madam
Re : Monsun Limited Trading as Sixth Element Wheels (“the Company”)
I regret to advise that the above named Company has ceased trading and is unable to pay its debt due to you or to other creditors. This means that warranty and crash replacement cover is no longer operative. No refunds are available.
As director(s) I/we have sought advice from a licensed insolvency practitioner with a view to having the Company wound up. It became clear early on in our meeting that the Company has insufficient assets to meet its liabilities and is insolvent within the meaning of the Insolvency Act 1986. In addition there are insufficient assets to meet the cost of winding up the Company, either voluntarily or compulsorily.
Given the above I am writing to all creditors of the Company notifying you of the fact that the Company has now ceased trading. While the Company has no assets with which to fund a liquidation we understand that for credit insurance purposes a creditor may wish to have the Company wound up. To this end any petition to windup the Company would not be opposed and we now invite creditors to take steps to wind-up the Company compulsorily.
In the event that no petition is received from a creditor within the relevant period / three months I will write to the Registrar of Companies, attaching a copy of this letter and a list of creditors to whom it was sent requesting that the Company be struck off.
I thank you for your past support.
Yours faithfully
G Stock
Director, Monsun Limited
Trading as Sixth Element Wheels”