We helped the liquidators of a company that built outdoor rooms/offices to bring a claim against its directors.
The directors had previously run their business as a partnership. During this time, they ran up significant loan debts which they were due to repay to the partnership.
However, they instead decided to incorporate and transfer the partnership’s business to the company itself – along with all the partnership’s liabilities, including the loans. The liquidators believed that the directors did this to avoid paying their personal liabilities.
After investigating and reviewing the available documents, letters before action were sent to the directors to notify them of our intended claim. The matter has settled on confidential terms.