I read Nick Lane’s article “Don’t fall for Redmond’s wind-up” (3 September, page 52) with great interest and learned a lot from his hints to main contractors on how to avoid the consequences of receiving a statutory demand or winding-up petition.
As a subcontractor I looked in vain for mention of another option: paying up.
Assuming that no subcontractor would issue winding-up proceedings unless the situation was serious, it would be nice to think that a main contractor would at least consider paying all, or at least part, of a debt rather than expend all of its energy on seeking a way to wriggle out.
Stephen Cropley, by email
No comments yet