Scott's Shipping Services - FORMERLY UNDER "POSSIBLE LIQUIDATION"

Status
Not open for further replies.
Zellephant said:
I honestly don’t believe anything is as bad as any of the people on this thread make it out to be. I can fully understand how a business likes this could have unravelled very quickly, especially with a young owner who honestly believes he can ride out the cash flow problems, because I was there myself years ago.

Any client that didn’t get what they ordered, even if it’s a R500.00 invoice, could easily bring the whole business down if they choose to play hardball. In my case we had a creditors book running up around R550k, and we could have sorted it out over an 18 month period, and everyone would have been made whole. But there were two clients who lost in total R14800.00. They also screemed “scam scam scam” and wanted me as the director dragged and quartered in the street and all that. They refused any sort of proposal, blocked the business rescue proposal and sued for liquidation. In the end, everyone got cents to the rand out of the deal. They said they didn’t care. They tried to sue me personally as well, but the court wasn’t interested (because I hadn’t acted negligently according to the companies act, although in retrospect, I do wish I had made certain decisions earlier).

I can’t think with all the hate Scott is getting, there isn’t one single client able to do the same to him. Unless he is actually doing the right things behind the scenes and some of you just don’t like that.
Click to expand...
The general question is whether he actually went into liquidation or not.
As far as I can tell, no customers who were owed money were ever contacted by a liquidator. SSS never published details of a liquidator.
But now SSS is 'out of liquidation' and those customers are still being ignored.
Is that what you did? If not, then perhaps this is a different situation?
 
And he is online on carb, same as was pointed out the other day

25min ago
 
hellfire said:
The general question is whether he actually went into liquidation or not.
As far as I can tell, no customers who were owed money were ever contacted by a liquidator. SSS never published details of a liquidator.
But now SSS is 'out of liquidation' and those customers are still being ignored.
Is that what you did? If not, then perhaps this is a different situation?
Click to expand...
At @Zellephant is riding on his high horse without bothering to even find out what actually happened here. He perhaps managed his credit crunch the proper way, that was not the case with SSS, SSS gave no one a heads up he was in a pickle, he just one day slammed the door in the face of his creditors/customers, lied about being liquidated and that was the last they heard from him.
 
hellfire said:
The general question is whether he actually went into liquidation or not.
As far as I can tell, no customers who were owed money were ever contacted by a liquidator. SSS never published details of a liquidator.
But now SSS is 'out of liquidation' and those customers are still being ignored.
Is that what you did? If not, then perhaps this is a different situation?
Click to expand...
Obviously he didn’t go into Voluntary liquidation. Otherwise the company would not be able to resume trading.

If he is continuing to trade while still owing refunds and doesn’t have the capital to cover those refunds he is in breach of the companies act. Any one of the people who he owes a refund to can file a motion for default judgement against the company, even if the amount owed is R50.00. If he can’t pay, the court has to liquidate the business, and that process is completely out of his hands.

So either, he has secured a loan from his larger creditors or come to some agreement with them, that has allowed him to pay all the refunds owed, and then continue trading to while paying off the loan, or he is playing with fire.

As someone who had been through something similar in the past and was also labelled a scammer and called all kinds of names (when I really wasn’t, business just went bad), don’t like how everyone is jumping on the scammer bandwagon here, but from what is clear as day no one on this thread has skin in the game, or if they claim they do, they are full of excuses about why they aren’t doing something about it.

If he is really a scammer, then continuing to run an insolvent business that is properly registered with the CIPC is a really crazy thing to do.
 
Zellephant said:
Obviously he didn’t go into Voluntary liquidation. Otherwise the company would not be able to resume trading.
Click to expand...
See the edit in the very first post of this thread, ie. UNDER LIQUIDATION.
 
  • Like
Reactions: OCP
saor said:
See the edit in the very first post of this thread, ie. UNDER LIQUIDATION.
Click to expand...
Obviously that didn’t happen, because then there would be no way the business is now running again. There is also no sign of it being under liquidation on CIPC site. Obviously there has been an alternate resolution agreed with creditors, or like I said, he is playing with fire. Because previously he was protected by the companies act, but if he has simply continued running an insolvent business, any creditor can sue and force liquidation, and he then becomes personally and potentially criminally for wreckless trading/fraud etc.
 
Zellephant said:
Then they should either have him liquidated (if they have a valid claim), or if they don’t have a claim, move on.
Click to expand...
And if applying for liquidation isn't worth the effort vs the pittance that they may or may not get back then people must just bend over and let SSS enjoy the free ride?
airborne said:
At @Zellephant is riding on his high horse without bothering to even find out what actually happened here. He perhaps managed his credit crunch the proper way, that was not the case with SSS, SSS gave no one a heads up he was in a pickle, he just one day slammed the door in the face of his creditors/customers, lied about being liquidated and that was the last they heard from him.
Click to expand...
@Zellephant Please address this point because though you may have done things the right way it doesn't assume that all those facing the same situation will do like wise, as this thread well illustrates.
 
Last edited:
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X