Reply to: Debt Recovery

[mikeyboy]

Thay have legitimately "bought" the contract from the previous owner.

This does not, in any way, constitute a breach.

But did Polaris themselves not breach contract when they were constantly late with payment to their contractors?(14 days terms) And in the end stopped paying their contractors altogether?

[tim123]

So now Polaris Ltd's contracts have been bought over by Jumbo Contracting, a new-startup I believe.
As the client's contract was originally with Polaris. Do they have any room to maneuver on breaking the contract or do all agreements stand as before?

Thay have legitimately "bought" the contract from the previous owner.

This does not, in any way, constitute a breach.

tim

[mikeyboy]

Jon. Jumbo made the offer and my invoices were pre-October. Any news?

[Jon204]

mikeyboy

A couple of questions if I may.

Who was it that made you that generous offer, Jumbo, 24SG or the administrator?

And were your invoices pre-October?

Thanks for your help.

[mikeyboy]

So now Polaris Ltd's contracts have been bought over by Jumbo Contracting, a new-startup I believe.
As the client's contract was originally with Polaris. Do they have any room to maneuver on breaking the contract or do all agreements stand as before?

[NickNick]

I'm not bitter towards the Director. I just hope one of his three houses burns down whilst he's inside.

Heh, like wise, I'm not bitter enough to point out to the appropriate people at the CAE that the ex director's new company isn't complying with X, Y, Z, regulations..

[mikeyboy]

I'm not bitter towards the Director. I just hope one of his three houses burns down whilst he's inside.

[NickNick]

I got offered a similar deal from the agency that bought out Veritas' contract book but told em to get stuffed.

When this happens it is just best to drop it otherwise you will end up bitter (like me) and with a petty vendetta against the directors who ran the agency into the gound.

[mikeyboy]

Jon204,

I've filed a claim with Tenon. So we'll see how that goes. I reckon the money is lost though.
In the meantime, the company that bought them have offered to pay back what we're owed in €200 installments. So in 5 years I'll get back the full sum. What a generous offer (sic).

I've joined the PCG now, so at least I'm insured if this happens again.

Good Luck!

[Jon204]

mikeyboy

Sorry to hear about someone in the same boat. I have an outstanding invoice from Polaris for work done in September. I got in touch with a debt collection company called Atradius, but they contacted me last week to tell me that Polaris had entered administration and my chances of getting anything were very slim. They closed my case!

I since got the details of the administrators from the companies house register:

Tenon
Sherlock House
73 Baker Street
London
W1U 6RD

Tel: 020 7935 5566

And am hoping to speak to either a David Thorniley or Duncan Beat at some point tomorrow.

Have you made any progress beyond your last post?

[simos]

Simos you can find out company information via..
www.companieshouse.gov.uk

Credit check can be run via..
http://www.ccilegal.co.uk/creditchecks.php

If anyone knows a better way please post.

Thank you Mikey

[mikeyboy]

Simos you can find out company information via..
www.companieshouse.gov.uk

Credit check can be run via..
http://www.ccilegal.co.uk/creditchecks.php

If anyone knows a better way please post.

[simos]

Can anyone else employed via Polaris and reading this thread please drop me a 'PM. Just want to touch base and see what varying stories we've been told.

Mike, just because i have a problem with another agent, i will post later on, could you please tell me how can i run a credit search for my agent? Thank you

[TheFaQQer]

Surely though if the agreement was at Polaris' behest with all the legal documents etc to confirm that. The Administrator would not be able to pursue the client?
All the paperwork was signed off last month when Polaris still hoped they wouldn't have to go into Administration.

I don't know - I'd speak to a lawyer sharpish before anyone gets burnt.

Just because the agency think that they are OK with the paperwork, doesn't mean that the receiver / administrator will see it the same way.

I'd ring the PCG legal helpline if you are a member. If not, then some house or car insurance policies come with legal advice lines that you can call. Better to be safe than sorry

[mikeyboy]

Can anyone else employed via Polaris and reading this thread please drop me a 'PM. Just want to touch base and see what varying stories we've been told.