COMPANY LIQUIDATION & A PHOENIX COMPANY

The UK's insolvency legislations allows, subject to certain steps being undertaken, to transfer your the current business of your insolvent company into a new, completely debt-free phoenix company. The sale is normally agreed in advance, and subject to certain criteria and steps, you can retain the old business name and seamlessly continue with existing contracts and customers, with all liabilities of the troubled limited company written-off.

In most circumstances, the best and cheapest form of business rescue is to use the Liquidation procedure, as Liquidation does not mean the death of the core business, but simply the closure of the troubled limited company. Using the liquidation process as a sword rather than a shield, the business can be transferred to a new phoenix company, which can continue the trading activities, but which is completely debt-free.

We will guide you through the whole Liquidation process, from the outset until the company is ultimately dissolved, helping you through the potential pitfalls, yet ensuring that, should you wish, that your core business survives with little or no impact.

We can assist with the smooth, legal transition of the business from the insolvent company to a new, debt-free phoenix company.