business Lease - termination due to Ltd company being dissolved

rh999 · 18th June 2009, 22:06

Hi,

I have a problem with a company I had my car leased through my limited company.

Due to my naivety, and the fact I was working away from home, I did not file my returns on companies house website last year, and could not afford to employ anyone to do it for me.

As a result they dissolved my company. I was advised at the time by companies house to either get a court order to get my company back on the register, as I was trading, or if I had no branding issues etc.. It would be cheaper to just start a new company.

I contacted my lease company to let them know the situation, and they then terminated the agreement, and told me I had to return the car. I asked them to transfer the agreement either to me on a personal contract as the guarantor, or transfer to a new company name if I was to incorporate a business name.

they refused to transfer as, I had missed one payment last year.

I then told them that I would be able to get my old name back on the register, but it would take a few weeks to do so. They told me they would not wait. so I ended up having to hand the car back.

As there was excess miles, I expected an invoice to cover this.

I was shocked to find in addition to this an invoice for "future rentals" and a credit for future depreciation on the car.

I have looked at the wording of the agreement, and they have terminated the agreement due to the companies liquidation.

my company was not liquidated, it was dissolved. I thought there was a difference. Is there? Is this my get out of this? They are asking for nearly £10k which there is no way I can afford.

Surely the fact I told them this was a temorary issue which would be resolved before my next payment was even due should have been sufficient for them to hold termination?

I could do with some help on this please?

Thanks in advance

rh999 · 20th June 2009, 13:27

Bump...

nobody got advice? could do with some soonest please?

rh999 · 23rd June 2009, 23:05

bump....

18th June 2009, 22:06	#1 (permalink)
rh999 Basic Account Holder Worried about your signature being copied onto CCAs etc? Use SignGuard Cagger since : May 2007 Posts: 76	business Lease - termination due to Ltd company being dissolved Hi, I have a problem with a company I had my car leased through my limited company. Due to my naivety, and the fact I was working away from home, I did not file my returns on companies house website last year, and could not afford to employ anyone to do it for me. As a result they dissolved my company. I was advised at the time by companies house to either get a court order to get my company back on the register, as I was trading, or if I had no branding issues etc.. It would be cheaper to just start a new company. I contacted my lease company to let them know the situation, and they then terminated the agreement, and told me I had to return the car. I asked them to transfer the agreement either to me on a personal contract as the guarantor, or transfer to a new company name if I was to incorporate a business name. they refused to transfer as, I had missed one payment last year. I then told them that I would be able to get my old name back on the register, but it would take a few weeks to do so. They told me they would not wait. so I ended up having to hand the car back. As there was excess miles, I expected an invoice to cover this. I was shocked to find in addition to this an invoice for "future rentals" and a credit for future depreciation on the car. I have looked at the wording of the agreement, and they have terminated the agreement due to the companies liquidation. my company was not liquidated, it was dissolved. I thought there was a difference. Is there? Is this my get out of this? They are asking for nearly £10k which there is no way I can afford. Surely the fact I told them this was a temorary issue which would be resolved before my next payment was even due should have been sufficient for them to hold termination? I could do with some help on this please? Thanks in advance

20th June 2009, 13:27	#2 (permalink)
rh999 Basic Account Holder Try our eBay sniping service Cagger since : May 2007 Posts: 76	Re: business Lease - termination due to Ltd company being dissolved Bump... nobody got advice? could do with some soonest please?

23rd June 2009, 23:05	#3 (permalink)
rh999 Basic Account Holder Protect your signature with SignGuard Cagger since : May 2007 Posts: 76	Re: business Lease - termination due to Ltd company being dissolved bump....