Hello Dave -many thanks for the tip. We have a meeting at 2pm with our accountants and then I will let you know where this is going,
Best wishes,
David

Hi Dave - out own advisers have said the same thing -move bank. We have several letters of intent for imminent projects - either UK gov or Brussels related.
Melanie -we are a LTD registered based in Scotland -does this make a difference?

Regards,
David

Hi Dave -we are working with several gov agencies includung the foos standards agency SEAFISH ans the scottish exec. There is a delay in a 38K project that made us miss the payment. We are also due to sart another four projects in the EU! The bakn seems to have lost the plot for the sake of a few we...

Hello all -as were were a new company in a new fieled of technology (Fisheries Electronic logbooks) we had to give a PG on the overdraft of 25K. I also have given the business a Directors loan of 13K. We are a LTD company. The DTI have guatanteed 75% of the bank lending. Our business advisers (we sp...

Hello and thanks for the prompt replies. As we are very new to this situation I did make the wrong assumption. We should be looking at a CVA instead of an IVA. do you still advise on this subject?

Best wishes,
David

Hello All, our company missed one dti loan payment this month. We are in a position next month to meet all further payments. However the bank who is our lender has immediately recalled the whole amount of the loan ny sending me a formal demand for 87K. This seems (at the least) a very draconian meas...