Working with a company that went into liquidation and reopened under new name, still carried trading under same name.
Just came to light to me today that some of the finance agreements weren't moved over to the new company. But were left with the old, not notified about it, but still paid by the new company.
This game has been found out and now the director has been made personally liable for the outstanding, unless he agrees to make new agreement under new company.
My question is, we would need to check if all finance agreements have been moved over to the new ltd? As there could be some serious legal implications due to this?
What else would you advise to be done?