dpb

My competitor ( actually he was merely gifted all my business) has gone bust AGAIN , thats the 4th time i reckon in about 15 years - AND hes apparenty started up AGAIN

- I swear this could only happen in such a small place ( a marina) where customers are so rich/fickle/ stupid and turnned round every 5 years.

Question is just how many times can a company be put it your wifes ,childrens, fathers , aunts name

GC8

For ever until the Secretary of State prohibits you from holding a directorship.

Budgie

iTrader: (4)

directors are not banned from directorship
unless they are found neglegent

budgie

nixxon

And going bust 4 times in 15 years is just plain bad luck!

cster

Well I usually just blame someone else

+Doc+

..or they make a business of it and have the next business set up before the first one starts coining in bad debts.
Oldest trick in the book and the Govt do fack all about it.

dpb

It does just amaze me how customers are willing to brush by-gones under the carpet and deal with this geezer , like its an occupational hazard folding every 5 years

j16jrf

iTrader: (3)

you cant be a director if you are declared bankrupt, so he obviously hasnt gone officially bust

mykp

bloke I used to work for has done that 3 times in 8 years.

runs up huge debts in the company, ran up nearly £850k when I was working for them. They put the company into receivership and start a new business a few weeks later with nearly the exact name. Using another member of the family as the director, first was his wife then his son.

Timwinner

iTrader: (3)

Depends how big your family is. There is no limit.