Company Directors......Beware!
A large number of company directors will be relaxing at home tonight, completely unaware that they are personally responsible for
the debts of their companies.
Many company directors have unknowingly provided personal guarantees to suppliers and service providers around the UK, covering
a wide range of commercial sectors such as the building trade and even legal advice. In many cases, those signing documentation on
behalf of a company are being casually led into doing so, without being made aware of their personal liability contained within the wording.
Gerard Boyle, Founder of Crowd-Law in the UK says " Everyone should, of course, read the small print carefully when ordering on behalf
of their limited company, certain goods or services ". " However, we believe that those supplying the goods or services have also a moral
responsibility of drawing this important clause to the director's attention, prior to obtaining a signature ".
Mr. Boyle goes on, " With the new Prime Minister now fully in place, we will be making contact with the new Business Secretary to
highlight this important issue and, we will certainly be including this subject on our forthcoming television series, later this year ".
If you are worried that this has happened to you and, you are perhaps unsure what to do then, you can make contact with Crowd-Law
on 0131 510 8293 or get in touch via e-mail contact@crowd-law.co.uk