Debtor Alert: Theodore Global Ltd

Theodore Global Ltd: A Company That Fails to Pay Its Staff and Trades While Insolvent

If you’re thinking about working with, or for Theodore Global Ltd, think again.

This company has shown a total disregard for legal obligations, ethical employment practices, and financial responsibility. In a judgment issued by the London South Employment Tribunal, Theodore Global was ordered to pay over £47,000 to a former employee for unauthorised deductions from wages and breach of contract for wrongful dismissal.

The tribunal made this award under Rule 21, meaning Theodore Global failed to even respond to the claim.  This is not just negligence, it’s outright contempt for fair employment practices and legal procedure.

But It Gets Worse: They Are Balance Sheet Insolvent Too

For the past three years, Theodore Global Ltd has been balance sheet insolvent, meaning their liabilities exceed their assets.  Carrying on trading while balance sheet insolvent is wrong and potentially unlawful, because it puts creditors, employees, and other stakeholders at further financial risk. Continuing to trade in this state:

• Violates directors’ legal duties
• May amount to wrongful trading under the Insolvency Act 1986
• Exposes creditors, employees, and partners to risk
• Could lead to director disqualification

A Pattern of Irresponsibility

Nonetheless, none of the above has deterred the sole Director and Shareholder Janet Theodore who is allowing Theodore Global to continue trading.   Any company that ignores a lawful employment judgment, refuses to pay staff, fails to respond to legal claims, and continues trading while insolvent is not a company to trust.

Final Warning

Theodore Global Ltd’s track record shows a blatant disregard for workers’ rights, financial responsibility, and the rule of law. Until this company pays what it owes, addresses its insolvency status, and complies with employment and corporate law, it must be treated as a high-risk and compromised business.

In the meantime, Theodore Global Ltd is evidentially insolvent. Insolvency & Law intends to litigate this debt, either by a County Court action or via insolvency proceedings i.e. a petition to wind up the companies.  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@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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