Reply to: Old Umbrella Company (Tailored) in Liquidation

[ca8gro]

Hi, i see as of 24/01/23 within the filling history, Tailored have an Appointment of a voluntary liquidator. Anyone know what this means? Thanks

[cojak]

My mistake, I’ll remove the post - thanks eek.

[eek]

Insolvency is ran by the Insolvency Service who are at The Insolvency Service - GOV.UK (www.gov.uk)

And both Mr Wolloff and Mr Tailby are on it.

Insolvency Practitioner Directory- Insolvency Practitioner Details (bis.gov.uk)

[eek]

The Administrator report from 2021 makes interesting reading (top link at)

TAILORED UK SERVICES LIMITED filing history - Find and update company information - GOV.UK (company-information.service.gov.uk)

Assets advanced to clients circa £25m
repayments of sum owed circa £3k
Debtors are disputing figures and the fact it's a loan....

And a 3rd party was appointed to attempt to recover the loan payments...

The 2022 report should be equally interesting

[ca8gro]

Hi, just seeing if there has been any development with the liquidators chasing the loan payments from Tailored. I received a letter on Monday from the liquidators for Tailored resourcing, advising they have been instructed by HMRC they have a legal duty to send me an AAG6 form. I made contact with HMRC over 2 years ago and declared all income and paid all tax due.

I expect somewhere down the line i will be receiving a demand from the liquidators for the loan payment received, but would be interested to hear if anyone have heard of any developments in the last 18 months? Has anyone settled with the liquidators, or anyone else in a similar position?

[DaRkLoRd]

Nothing, seems to have all gone very quiet

Yes, extremely quite. I have engaged with WTT now as they seem to know what's what.

[Exion]

Nothing heard

Hi all

Has anyone heard of any further updates on this topic please?

Thank you

Nothing, seems to have all gone very quiet

[DaRkLoRd]

Any updates?

Hi all

Has anyone heard of any further updates on this topic please?

Thank you

[eek]

I’ve been told by two separate liquidators that they are almost resigned to not being able to recover all of the money that is owed. It depends on the company and of course how much. Not to say they won’t go after the entire amount. 5% being offered seems like a dodgy agreement between whyatt and tailored in exchange for business. Voscap probably aren’t aware in the slightest. Maybe reporting it to voscap is a good idea?

A liquidator will work on the basis that they can recover 100% from some creditors but
0% from others with a few somewhere in the middle.

The last thing a sensible liquidator is going to do is to start by asking for 5%...

[Laith]

A proper liquidator would be looking (at the first instance) at recovering the whole loan not a part of it - especially not just 5% of it.

Something about this entire scheme really doesn't add up...

I’ve been told by two separate liquidators that they are almost resigned to not being able to recover all of the money that is owed. It depends on the company and of course how much. Not to say they won’t go after the entire amount. 5% being offered seems like a dodgy agreement between whyatt and tailored in exchange for business. Voscap probably aren’t aware in the slightest. Maybe reporting it to voscap is a good idea?

[Laith]

Hi

It was only an assurance that it would not be over 5% as I did not sign up with them yet and was only making enquiries as what they can do for me.

But to me it seems all very dodgy and would rather go via WTT and challenge the whole sum owed.

It won’t be tailored sending you a statutory demand it would be Voscap. A company under liquidation shouldn’t be contacting us in any instance, so the emails being sent are most likely not authorised. A liquidator I’ve spoken to has mentioned this to me and has even gone as far as saying Voscap can be questioned in regards to this and potentially even reported.

[Gemini69]

Has Matthew liaised with the liquidator and agreed on 5% or has this just been promised to you?

Hi

It was only an assurance that it would not be over 5% as I did not sign up with them yet and was only making enquiries as what they can do for me.

But to me it seems all very dodgy and would rather go via WTT and challenge the whole sum owed.

[Gemini69]

A proper liquidator would be looking (at the first instance) at recovering the whole loan not a part of it - especially not just 5% of it.

Something about this entire scheme really doesn't add up...

Hi
Yes i agree and when I spoke with WTT Tom agrees with your views.

This whole sordid experience is just rotten and wrong in so many levels.

I'm just curious if anyone has received any replies from VOSCAP?

I think I will wait until I receive a Statuary demand letter before I do anything as I believe they're pulling a fast one.

[Laith]

Hi,

But surely that's what liquidators do. To recoup the monies 'owed'.

This whole setup stinks btw and i doubt they have any legal grounds to do so.

Has Matthew liaised with the liquidator and agreed on 5% or has this just been promised to you?

[eek]

Hi,

But surely that's what liquidators do. To recoup the monies 'owed'.

This whole setup stinks btw and i doubt they have any legal grounds to do so.

A proper liquidator would be looking (at the first instance) at recovering the whole loan not a part of it - especially not just 5% of it.

Something about this entire scheme really doesn't add up...