Jones Beckett

[cookiemonster]

evidence for Bond

Hi,

I was at the meeting (the handsome one, I walked with a few of you back to the Station) and completely forgot to check out this thread sorry.

I have all my Emails back and forth with JBA (although a lot was also on the phone unfortunately) as well as my invoices etc, so I'll get these off to the liquidators. I will have to contact to the client I was working at and ask if they can confirm when they paid JBA maybe..

Don't think it will do much good considering the level of debt involved. But if it helps bring pressure / action on Nick Beckett then I'll do all I can!

Cheers.

Great, please do this as soon as possible before Bond have to file their final report.

[cookiemonster]

wrongful trading

found this which is hopefully what the liquidator should be looking into, article on wrongful trading. JBA tick many of the boxes.

Is the company insolvent? If yes then the directors must act properly and responsibly. If they do not act properly or the way any reasonable person would have acted, then this may possibly be seen as acting wrongfully or trading whilst insolvent.

If wrongful trading is proven, then the directors can be made personally liable for the company’s debts from the time they knew the company was insolvent.



The tests for wrongful trading actions include:

1. Not filing Annual Returns for the company at Companies House.

2. Not filing annual or audited accounts at Companies House.

3. Not operating the PAYE scheme correctly, failing to pay PAYE and NIC when due, building up arrears.

4. Not operating the VAT scheme correctly, building up arrears.

5. Taking excessive salaries when the company cannot afford them.

6. Taking credit from suppliers where there was no "reasonable prospect" of paying the creditor on time.

7. Willfully piling up debt.

8. When in a hole keeping digging!

[imagecoder]

Looks like chasing Nick for JBA money is a waste of time

If wrongful trading is proven, then the directors can be made personally liable for the company’s debts from the time they knew the company was insolvent.

I think most of us are owed money going back through December and November and earlier. Even if we can prove they were trading whilst insolvent, which is a big if, it's only likely to be from when Broadgate IT was setup - middle December - which means we won't get any money back anyway. I know it was a longshot in the first place, but this makes it sound completely pointless to me, sorry.

[crazyfrog]

francis jones

just as an update

Francis Jones has popped up on LinkedIN...absolutley no mention of anything to do with JBA in his past history...nor for that matter has Nick Beckett. You would think they were embaressed about their association with the company.

[NotToBeLimited]

Did anyone hear from administrator recently ?

[d000hg]

Grim news. I'm wondering though how does an agency manage to run out of money so much they don't pay people for many weeks? Unless they have non-paying clients the throughput of cash each month must be pretty large relative to costs like staff, etc. What typically causes an agency to collapse like this... delays on incoming payment?

[stevo2002]

Any News from anyone?

Hi i was just wondering if there had been any contact at all from the administrators. I didn't manage to get to the original meeting and have not heard anything at all for months and months now.

Thanks

[PAH]

Not heard anything at all from the liquidators for months now. I expect they are busy justifying offsetting any money they manage to reclaim from the JBA directors against their costs, so the companies who are genuinely out of pocket receive nothing.

Just another bunch of parasites feeding off other parasites.

[crazyfrog]

I had a chat with the liquidators. Apparently they are working hard for us creditors

I don't want to prejudice what they are attempting to do so I guess if you want to learn more, have a chat with them. They are just a phone call away.

There has been some money recovered. But I guess this will cover their bill. They are currently doing further accounting investigation. For it to go to court it has to be 110% water tight that they could recover the (private) money from the directors, but unfortunately (the law's an ass) the law is on the directors side if they say the right things.

So...it's still ongoing but don't hold your breath if you are expecting anything soon

[svb70]

BROADGATE

Anyone know how Broadgate are doing? For those who don't know all JBA staff moved over to Broadgate.