RESTART SUCCESSFULLY

If the business is only insolvent due to adverse circumstances we can transfer your trading, legally and affordably, to a fresh, debt free, Company.

RESTART SUCCESSFULLY

If the business is only insolvent due to adverse circumstances we can transfer your trading, legally and affordably, to a fresh, debt free, Company.

REMOVE PAST LIABILITIES

The first task is to manage a trouble free closure of the current company by a Creditors Voluntary Liquidation [CVL]. We act on your behalf to handle claims by HMRC, Landlords, Lenders, Trade Creditors or Customers with unfinished work and pursue bad Debts. We review company financials to ensure regularity and avert personal liabilities and arrange for our Licensed Insolvency Practitioner to be a helpful proposed Liquidator.

KEEP KEY ASSETS

Before our Insolvency Practitioner puts the present company into Creditors Voluntary Liquidation, or Administration, they will first make a binding legal transfer so that all its trading contracts, rights and physical stocks and assets have been acquired by your new company.

The transfer consideration will comply with insolvency rules and the sum paid will be entirely affordable. Sometimes this sum will be purely nominal and already covered by the fees of Liquidation; where not, we can always arrange time to pay or instalments. If you wish the Leases of Premises, Vehicles and Equipment can often be assigned to your new company, where not they terminate in the Liquidation with no onwards liability.

SEAMLESS TO CUSTOMERS

We help you make the switchover seamless to Customers by careful re-branding which stays within legal insolvency rules and a marketing strategy that treats the change as positive innovation. Your new company is not burdened with any negative credit references. We continue to assist with all aspects, as needed, until your business is successfully re-trading.

SAFE AND SUCCESSFUL

Unless the transfer of assets and restart of trading are executed correctly and legally, a Director can become personally liable for the debts of the company they have closed, have essential business assets forfeited and new trading halted.

In liaison with our licenced Insolvency Practitioner and Legal colleagues we ensure you avoid such legal pitfalls. We manage a compliant, trouble free, closure of the current company and a legitimate transfer of its assets and goodwill. This frees our Client to focus on the key task of driving your business relaunch successfully – to renew orders with existing customers, continue, or improve, suppliers and achieve new sales.