DEBT ALERT:  Total Surfacing Solutions Ltd – Insolvent and Still Trading

Our company alert this week is regarding Total Surfacing Solutions Ltd. They are a tarmac surfacing contractor operating in Hertfordshire, Essex and Bedfordshire. They have a registered office in Fulbrook, Oxfordshire. This company had owed our client £15,574.59 plus interest (the Debt) and costs. On 29^th June 2022, our client assigned the Debt to Insolvency & Law Ltd. We are committed to recovering these funds, though the company has taken to dispute the Debt, which is not accepted.  

Not being able to pay your debts when they fall due satisfies the definition of being insolvent. According to Section 123 Insolvency Act 1986. Nonetheless, Total Surfacing Solutions Ltd is still trading. The Director and shareholder is Spencer Dean Cooper.  On paper, the company appears balance solvent, but not paying a debt as when it falls due can be deemed as evidence of insolvency. Cash flow insolvent. 

You would think Spencer Cooper would not advance an unreal dispute in what seems to be an attempt to circumvent payment of a legitimately owed Debt.  While the Debt remains unpaid, we would like to know if any other creditor is experiencing such difficulty with this company.  If so, please make contact with us.

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Our position is that Total Surfacing Solutions Ltd does not have a real dispute to the Debt. It is therefore evidently insolvent by failing to pay it when due.  Accordingly, we intend to litigate this Debt either by a County Court action or via insolvency proceedings. I.e. a petition to wind up the company. If this company owes you money, please make contact to Insolvency & Law immediately via investigations@ insolvencyandlaw.co.uk

Lastly, if you are owed money by any company that is refusing to pay for whatever reason, and you believe the debt to be rightly due to you, please make contact to Insolvency & Law via investigations@i insolvencyandlaw.co.uk  to discuss your options.

Disclaimer: Insolvency & Law Ltd is not a firm of solicitors or licensed insolvency practitioners. We do not conduct any regulated legal or financial activities as defined under the Legal Services Act 2007 or the Financial Services and Markets Act 2000. We do not offer legal advice, financial advice, debt counselling, or conduct of litigation.

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For matters that require regulated legal or financial advice, we recommend seeking guidance from an appropriately authorised and regulated professional.