Me and a friend started a limited company last year. We were selling sportswear. We made one 5k order, we made a part payment of £1000 and then I broke my neck and everything fell to pieces. We now owe £4000 and they are taking the company to court. The geniune reason we struggled to sell the items and pay the guy back is due to the fact we placed a larger order than we expected to because we wanted to cash in on the xmas rush. Despite them promising a 6 week turnaround which would have given us a two month run up to xmas they showed up two days before xmas, so we as good as missed xmas retailing. Secondly the goods were not as per design so all our marketing materials were useless. The garments were also of pour quality. I don't know if the last three points make a difference or not.
We sent the guy 8 post dated cheques (one per month) for £500 each, he has rejected these. What are our options? the companies assets are pretty much the order itself.
Thanks
We sent the guy 8 post dated cheques (one per month) for £500 each, he has rejected these. What are our options? the companies assets are pretty much the order itself.
Thanks
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