Bailiff came to my business yesterday to settle a debt of £4000 for unpaid rent to my private land lord. We are a limited company and been trading around 2 years. We have no prior warning no letters or documents to say he was coming. We are a small internet gaming centre/internet cafe its been hard but we really don't want to close as we are starting to make some money and cover our costs, its my first business and I've learnt alot but I don't want my dream to end.
We are unable to settle this debt currently. The debt could be cleared in the future due to a house sale but not for weeks/months. The landlord is unlikely to discusss payment options or plans, we've been paying small amounts for 3 months.
The bailiff visted with a camera and was in our premises around 2 hours. We tried to raise the funds there and then but friends couldnt help and our business banking person was away for the day. We have been given 5 days grace until next Tuesday to pay but as it currently stands we won't make the payment bar a loan or miracle.
Is there anything we can do? Sell the company goods to a friend, any sort of loop holes? they want to take everything which at auction will fetch peanuts and we will obviously be unable to trade.