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kwak zzr
15-09-09, 08:06 PM
anyone used company's house to find out if a company is going into liquidation or the creditors are moving in to remove assets?
i'm on about buying this beemer but its company owned and the company still owe £9800 BMW personal finance on it, ive foned BMW finance and the they are still waiting for the last payment? ive now e mailed company's house ltd to find out if there is anything pending on the company just to be sure, where else can i do checks to safe guard me not loosing 10k :(
the seller said they are going to clear the finance before they sell it and i said i want it hpi clear before i buy.

sauluk
15-09-09, 08:30 PM
Anyone can look up a company on companies house. give it a go

Bri w
15-09-09, 09:00 PM
anyone used company's house to find out if a company is going into liquidation or the creditors are moving in to remove assets?
i'm on about buying this beemer but its company owned and the company still owe £9800 BMW personal finance on it, ive foned BMW finance and the they are still waiting for the last payment? ive now e mailed company's house ltd to find out if there is anything pending on the company just to be sure, where else can i do checks to safe guard me not loosing 10k :(
the seller said they are going to clear the finance before they sell it and i said i want it hpi clear before i buy.

Irrespective of the state of the company, your last sentence nails it. Don't buy till they've cleared the finance.

Stu
15-09-09, 09:06 PM
Co's Hse only record the facts after they have happened. they provide very little info to predict the future, A debt rating company would be a better bet like Experian, although I doubt they would release the relevant info to the likes of you.
IMO you're wasting your time trying to research this - whether they will clear the finance or not. It's just a matter of fact whether it's cleared when you buy it or not which would be confirmed by a guaranteed hpi check or a statement from the finance co. in question.

Biker Biggles
15-09-09, 09:28 PM
Irrespective of the state of the company, your last sentence nails it. Don't buy till they've cleared the finance.

Quite so.
If you are determined to blow ten grand on a tin can that will lose over half its value in two years at least make sure the person you buy it off actually owns it.:(

Ed
15-09-09, 09:47 PM
I'd say the caravan was a better investment and keep the Merc:D

Specialone
15-09-09, 09:58 PM
Buy a vw instead lol.
Then everybody on the road wont hate you :(

Quiff Wichard
15-09-09, 10:43 PM
I'd say the caravan was a better investment and keep the Merc:D

ditto x a million !!!

Shellywoozle
16-09-09, 05:31 PM
I'd say the caravan was a better investment and keep the Merc:D


+1

You still not bought it yet Kwak, gonna give you a good talking to later my boy !

I already told ya get proof that it paid off then pay... if you not 100% sure DO NOT hand over the cash. There are plenty of cars out there and your Merc is fine ya not in any rush !

Chill Kwakers :thumbsup: somethin about this Beema don't ring true, if he wanted to sell he would be itching to prove the finance has been paid off, why has it not sold yet if it is such a good buy ???

Move on to next one matey I will continue my Beema search, already found ya 2 good ones .

Jase22
16-09-09, 09:02 PM
In most insolvency scenarios an advertisement is placed in the Gazzette (London if it's a company registered in England and Wales). You can search their archives and see if there's anything showing up?

http://www.london-gazette.co.uk/issues/recent/10/corp-insolvency