HomeCase studiesSMEs, directors & shareholdersDirector servicesNegotiating a much-reduced settlement for a director accused of making improper withdrawals from the company account

Why the client needed our help

The liquidator of the company for which our client was previously a director was pursuing him for in excess of £0.25 million for a director’s loan account. They claimed that our client had made illegitimate withdrawals and unauthorised payments using the company’s money.

How we helped

First of all, we asked the liquidator’s solicitors to provide further documents and information so that we could analyse the details of the claim and see what evidence they had. Using this, we were able to pull together a defence for our client which we could use to negotiate a settlement.

The outcome

The strength of our defence, which casted doubt on the liquidator’s claim, enabled us to negotiate a much-reduced settlement for our client. He was delighted.

Key contacts

Sue Brumby

Sue Brumby

Senior Associate

Stephen Downie

Stephen Downie

Partner

Michael Knights

Michael Knights

Senior Associate

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