Before attending a creditors’ meeting there are a number
of checks that can be done to find out about any vehicles the
company may own or lease.
Obtain the last tax computation which should show any
vehicles operated by the company. The computations may also show
the registration numbers and whether the vehicle is on lease or
hire purchase.
Speak to Receivables colleagues to find out if they have
been to the company’s premises. If so what vehicles have they
seen, or have they distrained on any? Obtain any written details of
the visit which may have been recorded at the time.
Review the computer records such as PAYE Service/SA. Details
of the list price of any vehicle used by the directors or employees
will be shown on the PAYE Service record, together with the date
the vehicle was available from. It is also worth checking the
directors’ spouses’ records if they are employees of
the company.
