they are fast running out of time before the court appointed bailiffs turn up to seize their property to pay the debt.
They have property?
It certainly would be an episode of ‘Can’t Pay? We’ll Take it Away!” worth watching.
Do Directors of ltd companies have a duty to ensure that Companies House has an up to date address for them?
Serving a writ/sending bailiffs to a co where there’s no physical address would be tricky.
But also, as above, if the CCJ is against the company and they have no tangible assets you’ll end up issuing a winding up order against them to get the funds against them and I’d probably just go down that route first given their history…
Sadly CCJs aren’t easily enforceable, the ‘Bailiffs’ would just be debt collectors sending scary letters. The real power of a CCJ is it pretty much makes the owner uncreditworthy until it’s paid, which won’t affect the Directors personally.
They’re required to keep CH updated with an correspondence address. The address lodged at CCH is 193 Tarring Road, Worthing, England, BN11 4HN, but that could be a Accountants Address or just a Mailbox. There is no longer a requirement to lodge directors home addresses at CH, or at least in the public domain anyway – all the directors are at the same address as above at CH.
Forgetting it’s a bike thing at the moment and thinking as a (former) Debt Collector and Bad Debt investigator, if they owe you a bike or money, I wouldn’t hold your breath. The only way you’ll get paid is if they think that there’s any future in Sick, the moment they throw their hands up and call the liquidators in you’re done for, they’re insolvent and tiny – the liquidators will take the lot and still won’t come close to covering their fees.
The guy who lodged a CCJ was probably wasting his time, Small Claims / CCJ won’t force anyone to pay, not really – High Court would, but would a Bailiff bother?
