Company gone bust. KPMG help please.
#1
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Company gone bust. KPMG help please.
I'll make this as short as possible.
Bought van.
Took van to be specially adapted for business at large commercial bodybuilder company.
Plenty of wasted comms and trips up to the van modifier to chase them up.
Van comes back after 3 week delay against contracted date for delivery and still not complete so have to take it back to them.
Van comes back second time about a month ago and is still not right.
Had to spend own time and money (£2000ish) to get up to contracted standard and was planning to go and visit to get discount off final invoice.
The modifying company haven't been paid and about three weeks ago went bust.
KPMG are receivers? and are asking for payment and even though I've been able to prove incurred costs they're only prepared to discount £200 ish.
My question is: Can I "deal" with KPMG or am I bound to accept their offer.
Shall I keep going back to them trying to get a better deal?
Anyone?
Jeez, apologies for boring post!
Bought van.
Took van to be specially adapted for business at large commercial bodybuilder company.
Plenty of wasted comms and trips up to the van modifier to chase them up.
Van comes back after 3 week delay against contracted date for delivery and still not complete so have to take it back to them.
Van comes back second time about a month ago and is still not right.
Had to spend own time and money (£2000ish) to get up to contracted standard and was planning to go and visit to get discount off final invoice.
The modifying company haven't been paid and about three weeks ago went bust.
KPMG are receivers? and are asking for payment and even though I've been able to prove incurred costs they're only prepared to discount £200 ish.
My question is: Can I "deal" with KPMG or am I bound to accept their offer.
Shall I keep going back to them trying to get a better deal?
Anyone?
Jeez, apologies for boring post!
#5
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i would pay the difference between your costs and the final invioce and let them take you to court as you have no one to go to to finish the build and have had to pay out your own pocket and secondly do they have a signed contract between you and the company if they dont wait for the court date if they do there in breach of contract due to delivery date and poor workmanship incurring more costs but if you want free advice go to the citizens advice bureaux. just to add im no lawyer but this is what i would do
#6
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You still have statutory rights
Don't be bullied into paying for something thats not right
But from KPMG's point of view everybody will be questioning there bill thinking they can get a discount
Don't be bullied into paying for something thats not right
But from KPMG's point of view everybody will be questioning there bill thinking they can get a discount
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#9
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KPMG top line daily rates are Between £1,200 and £5,000; per day.
Distress situations don't usually get much discount.
#10
Well I have it on a document they sent and its loads more than that David.
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12 man days at £200 per hour = £19,200 say £20k for cash
? No idea really!
dl
? No idea really!
dl
Last edited by David Lock; 10 December 2010 at 11:41 PM.
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That invoice cannot just be for day rate?
That translates to a £7,000 a day rate plus VAT - there are very few big four rates that are that high - and you would never get a team of four charging at that level.
That translates to a £7,000 a day rate plus VAT - there are very few big four rates that are that high - and you would never get a team of four charging at that level.
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dl
#15
It doesn't say a rate, it just gives the names, and the period the charge is for.
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#18
I have recently been involved with one of our suppliers that has gone under, although the receivers wern't big boys like KPMG.
Basically we had been supplied with approx 35k of materials and labour, we had paid approx 28k when they went under. We have an issue with some of the supplied products that if we have to replace will cost 10k. I spoke to receivers and explained the situation, all they asked was for me to confirm in writing that we were disputing the outstanding and we have heard from them since.
I would be happy for them to take us to court as the goods supplied are not fit for purpose (although we may be able to adapt so that they are). We did offer to pay the difference if they can be adapted after our costs. Still not heard back from them.
I would pay what you are happy to with a letter confirming all the details as to why you are withholding some.
Or dont pay a penny and they may just go away.
Administrators seen inherently lazy and just want to wrap the company up and move on.
chop
Basically we had been supplied with approx 35k of materials and labour, we had paid approx 28k when they went under. We have an issue with some of the supplied products that if we have to replace will cost 10k. I spoke to receivers and explained the situation, all they asked was for me to confirm in writing that we were disputing the outstanding and we have heard from them since.
I would be happy for them to take us to court as the goods supplied are not fit for purpose (although we may be able to adapt so that they are). We did offer to pay the difference if they can be adapted after our costs. Still not heard back from them.
I would pay what you are happy to with a letter confirming all the details as to why you are withholding some.
Or dont pay a penny and they may just go away.
Administrators seen inherently lazy and just want to wrap the company up and move on.
chop
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