Working for a company with liquidation history


JDWhitaker

JDWhitaker

New Member
Hi,

I've recently been approached by a company to undertake a rebrand project. I have worked for them before and although my invoice was paid around 20 days late it was paid in the end (with a bit of chasing). They have adked me to send them an estimate on the work which I have done, however after checking them out with Companies House I have found that the director's former company went into liquidation and he then formed a new company doing the same thing under another name. It also shows that their taxes are overdue.

I'm a little worried about undertaking the project given the history.

Does anyone have any previous experience of this?

Thanks in advance
James
 

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scotty

scotty

Moderator
Staff member
If you're worried then you could always ask for 50% up front and the rest on hand over which is pretty standard.
 
Levi

Levi

Moderator
Staff member
To be fair you run just as much risk with a 'normal' company these days. There are so many companies out there that will try to delay you or will just not pay you that you're running the risk most of the time, and it's not just small companies either.
 
scotty

scotty

Moderator
Staff member
Levi's right.

Anyone can rip you off and it's usually the larger companies that can drag their feet.
That's why I use the 50/50 rule, especially with new clients.
 
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