Just Been overpaid

[BoredBloke]

"I'm not being judgemental, but you mean you haven't worked for them for 5 months, they didn't owe you any of it, and you didn't expect it, but you've spent some of it? What would you have done without it?"

Expat, read the posts. The money has gone out because of direct debits and standing orders on my company account. I am not working through my ltd company at the moment and so was not monitoring the state of the company account, which had drifted overdrawn before this money went in. So paying back the full sum will send my company account overdrawn. Not their fault I know, but I didn't ask them for the money in the first place.

I can spin this out a little as I will need them to send me written proof of thier mistake so that I have something to put on file with my accountants and so I don't pay VAT and get taxed on it. This written proof will have to tick all the boxes the accountant (and I set) and all correspondance will have to be done in writing, 2nd class! With the possibility of a couple of bits of mail going missing and having to be resent along the way.

How much of an admin fee should I charge?

[expat]

"I'm not being judgemental, but you mean you haven't worked for them for 5 months, they didn't owe you any of it, and you didn't expect it, but you've spent some of it? What would you have done without it?"

Expat, read the posts. The money has gone out because of direct debits and standing orders on my company account. I am not working through my ltd company at the moment and so was not monitoring the state of the company account, which had drifted overdrawn before this money went in. So paying back the full sum will send my company account overdrawn.

I did read the posts, that's why I asked the question. Since, as I had already read, it was direct debits and standing orders on the company account that brought its balance down to less than the amount of the overpayment, would you not already have been overdrawn had they not made this payment to you?

I don't care, forget it, I'm not snooping ... but I did read the posts.

[PerlOfWisdom]

I did read the posts, that's why I asked the question. Since, as I had already read, it was direct debits and standing orders on the company account that brought its balance down to less than the amount of the overpayment, would you not already have been overdrawn had they not made this payment to you?

With my business account there is no overdraft facility so the standing orders would have been returned and I would have been informed.

[shaunbhoy]

How much of an admin fee should I charge?

£15K has a nice rounded ring to it IMHO.

[Denny]

"Just book a flight to Panama and take a very long holiday. £14K will last for ages there."

Not very child friendly that option. I'm thinking along the lines of you can have x now, but you'll have to wait for the rest as my company can't afford it.

Just string it out as best you can legally and put it in a high interest account.

Don't gamble on the horses though, will you or, worst still, put the money on Sayed winning The Apprentice ;

[BoredBloke]

My account had an overdraft set up so that the dd's were being paid. It was going overdrawn. However, I was not expecting this cash and so paying it back will send it back overdrawn.

I think I could spin this out for a few weeks at the most, so it is not going to earn much in a high interest account. I just want to be as difficult as they would be to me if the boot were on the other foot. Like when they refused to pay because my timesheet had missed their self imposed deadline, meaning I was short of cash for a month.

[sasguru]

Feck it you only live once.
Rent a Ferrari, buy some champagne and rent out some high class whores

[The Lone Gunman]

What would be the upshot of bankrupting the company?

[IT contract agent]

that’s a shout!! dissolve your ltd company!!! lol -

Which agency was it?

[vetran]

Bankrupt the company which Agency was it?

Yours