Start Afresh

Start Afresh

When a Director decides against a CVA, Insolvency Solutions can enable successful business continuance as a commercially viable, fresh company. We also provide expert transition management to ensure you stay within legal and insolvency rules.

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ASSETS & CUSTOMERS RETAINED

With advice from our Insolvency Practitioner and Legal colleagues you decide whether the old company is to go into Creditors Voluntary Liquidation (CVL), or, in special cases, Administration.

We arrange in advance a binding legal transfer of the old company’s trading contracts, rights and physical stocks and fixed assets to your new company on an affordable basis, if necessary, with time to pay.  Leases of Premises, Vehicles and Equipment can often also be assigned to your “newco”. 

To Customers the changeover can look seamless, though it is essential to follow technical insolvency rules regarding trading names and branding.

When a Director decides against a CVA, Insolvency Solutions can enable successful business continuance as a commercially viable, fresh company. We also provide expert transition management to ensure you stay within legal and insolvency rules.

ASSETS & CUSTOMERS RETAINED

With advice from our Insolvency Practitioner and Legal colleagues you decide whether the old company is to go into Creditors Voluntary Liquidation (CVL), or, in special cases, Administration.

We arrange in advance a binding legal transfer of the old company’s trading contracts, rights and physical stocks and fixed assets to your new company on an affordable basis, if necessary, with time to pay.  Leases of Premises, Vehicles and Equipment can often also be assigned to your “newco”. 

To Customers the changeover can look seamless, though it is essential to follow technical insolvency rules regarding trading names and branding.

EXPERT TRANSITION MANAGEMENT

Penalties for breaking legal Insolvency Rules can be savage. Unless the assets transfer and restart of trading are executed correctly, a Director can become personally liable for the debts of the company they have closed, essential business assets forfeited and your new trading halted.

To ensure you avoid legal pitfalls and implement the “switchover” smoothly, Insolvency Solutions acts as your “Transition Manager”. We stay in place to assist with all aspects until the old company is closed and “Newco” is fully trading.

Would your business be viable if you lost all debts but kept its assets and customers?  contact us today for help to achieve business transfer to a Fresh trading company legally and successfully.

 

Would your business be viable if you lost all debts but kept its assets and customers?  contact us today for help to achieve business transfer to a Fresh trading company legally and successfully.

Free, Confidential, Expert, Advice, Today

0800 313 4331

Free, Confidential, Expert, Advice, Today

0800 313 4331

Interco Management Services Limited

Forum House – Stirling Rd – Chichester – PO197DN

1 Bromley Lane – Chislehurst – Bromley – BR7 6LH

Interco Management Services Limited

Forum House – Stirling Rd – Chichester – PO19 7DN

1 Bromley Lane – Chislehurst – Bromley – BR7 6LH