Petition · past parliament

Close loop hole allowing Ltd companies to rip people off, fold and start again.

Closed 66 signatures

What the petition asks

If a sole person opens a ltd company, at present they can rip you off or lie and not be accountable as company is liable not them personally. They can close their business and walk away and start another over and over again. legalised theft. Solicitors wont take on, they know they will just fold.

Timeline

12 Aug 2015 Petition opened for signatures
12 Feb 2016 Closed to new signatures

Key facts

Signatures 66
Status Closed
Opened 12 Aug 2015
Closed 12 Feb 2016

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Source: the official petition page. Last checked 15 Jul 2026.