Engee
·There's no notification on Companies House and it's not clear if they have gone into either administration or liquidation.
Sorry to be alarmist but I asked a forensic accountant friend about this situation and was told that it can be tricky to get stuff back if the company is in liquidation because they will decide whether it is worth the effort to find and bag up the goods. The liquidators job is to sell the assets as quickly and efficiently as possible and while your watch is not an asset of the business they may not be willing to look for it - it could just end up in a claim pile.
If the business is in administration the administrators should make more of an effort because the business is deemed to have viability and therefore they will want to try to keep things going. But there's no guarantee of this.
The best bet is to find out asap who is handling the situation and try the direct approach.
Fingers crossed for you - horrible situation to be in.
Sorry to be alarmist but I asked a forensic accountant friend about this situation and was told that it can be tricky to get stuff back if the company is in liquidation because they will decide whether it is worth the effort to find and bag up the goods. The liquidators job is to sell the assets as quickly and efficiently as possible and while your watch is not an asset of the business they may not be willing to look for it - it could just end up in a claim pile.
If the business is in administration the administrators should make more of an effort because the business is deemed to have viability and therefore they will want to try to keep things going. But there's no guarantee of this.
The best bet is to find out asap who is handling the situation and try the direct approach.
Fingers crossed for you - horrible situation to be in.

