An administrator for a well known company of auditors thinks that as Beaconet is in recievership and the receivers have siezed the assetts, all the assetts in the company name technically belong to the creditors and directors of the company in recievership have no legal title to any assetts owned by the company.
In the case that the company is still trading, the company cannot sieze assetts owned by the company in recievership or the debtor (NVFC2004fc) or withold them unless they have gone through due process (ie legal letters officially appointed balliffs)
Whatever, what a small minded despicable excuse for a man, perhaps the bank should sieze his house and his bentley and see how he likes it.