Limited bussiness account closed without warning
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I’m looking for some advice or to hear from anyone who’s been in a similar situation.
I recently went from being a sole trader in plumbing and heating to setting up a limited company. The company’s been up and running since December, and I’ve had a business bank account in place since then with no issues.
A little while ago, I applied for an overdraft through the same bank. Since making that application, they’ve suddenly closed my account without any prior warning. I’ve since received a cheque in the post with the full balance, but now I’m stuck because I can’t cash it without another business account—and so far, no other banks are willing to open one for me.
This has left me in a really difficult position, everyone I’ve spoken to so far says they’ve never heard of this happening before. My suppliers have put me on stop so I cant make any purchases and I have no account to pay any of my bills or subbies or pay myself for my personal bills.
Has anyone experienced anything like this? If so, how did you resolve it? Any advice or guidance would be hugely appreciated.
Thanks in advance.