Selling stock from a company that has ceased trading

  • Thread starter Patricia Hyn
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Patricia Hyn

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I have stock from an electronics business that is now closed down. I may now possibly have the opportunity to sell to a semi state body. I am unsure how to handle the sale from an invoicing and VAT perspective. Can anyone advise me? Can I sell it at all?
 
No it was my husbands business and stock left after he closed it down
 
This invites more questions than it answers.

Have all the creditors of the old business been paid?
How are you in a position to sell this stock, do you have a seperate company?
What is the position on warrantees?
 
Perhaps I haven't explained enough - it is closed and all creditors have been paid. This stock is inhabiting a room in the house and I am trying to clear it out. In conversation with someone they indicated that they might be interested in it. I was hoping to get a few quid for it but the simplest thing to do might be to just give it to them.
 
Is this a company or a sole trader?

is the business still registered for VAT?

If not still registered for VAT sell the goods but if the stock belonged to the company then the money belongs to the company and you should arrange for it to be liquidated or struck off!

If not a company then its like you traded for one final day!
 
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