Restart your Business successfully

Restart your Business successfully

Ask us to restart your business legally and successfully,  transferring your assets and customers to a fresh debt free company.

Ask us to restart your business legally and successfully, transferring your assets and customers to a fresh debt free company.

We Remove Past Liabilities…

Our first step will be 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 first review company financials to ensure a regular picture and avert personal liabilities and then arrange for our Licensed Insolvency Practitioner to be a helpful proposed Liquidator.

And Retain Your 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 affordable. To ensure that you are not open to claims that you have acquired the assets at less than their value our Licensed Valuer will provide a market valuation or letter of assurance. Sometimes the sum payable will be purely nominal and already covered by the fees of Liquidation. Where values are higher, we can always arrange payment by 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.

Making the Change Seamless to Customers…

We help you make the switchover as seamless as possible 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.

How we help

We steer you through the whole process – legally transferring your assets to trade as a new, debt free, Company and assisting a successful re-launch.

Key steps

> Form your new company

> Legal Business Transfer

> Close present Company

> Migrate past customers

> Successful Re-launch!

And Completed Safely and Successfully

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 you to focus on the key task of driving your business relaunch successfully – to renew orders with existing customers, continue, or improve, suppliers and make new sales.

We Remove Past Liabilities

Our first step will be 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 first review company financials to ensure a regular picture and avert personal liabilities and then arrange for our Licensed Insolvency Practitioner to be a helpful proposed Liquidator.

And Retain Your 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 affordable. To ensure that you are not open to claims that you have acquired the assets at less than their value our Licensed Valuer will provide a market valuation or letter of assurance. Sometimes the sum payable will be purely nominal and already covered by the fees of Liquidation. Where values are higher, we can always arrange payment by 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.

Making the Change Seamless to Customers

We help you make the switchover as seamless as possible 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.

And Completed Safe and Successfully

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 you to focus on the key task of driving your business relaunch successfully – to renew orders with existing customers, continue, or improve, suppliers and make new sales.

How we help

We manage all key aspects of company closure helping the Director avoid mistakes that create personal liability and making the process as trouble free as possible.

Key steps

> Form your new company

> Legal Business Transfer

> Close present Company

> Migrate past customers

> Successful Re-launch!

Call me discuss restarting as a debt-free company

Call in confidence and without obligation for free, practical and professional advice

Michael O’Connor MABRP : Managing Consultant

Michael OConnor - Insolvency Solutions

Call me to discuss restarting as a debt-free company

Call in confidence and without obligation for free, practical and professional advice

Michael OConnor Managing Consultant Insolvency Solutions

Michael O’Connor MABRP
Managing Consultant

Bristol
0117 901 2285

Chichester
01243 624716

Hereford
01432 291049

Horsham
01403 839766

Bristol
0117 901 2285

Chichester
01243 624716

Hereford
01432 291049

Horsham
01403 839766

Close Your Company Safely - Contact Form

10 + 9 =


…a real feeling that you are working as a team with Michael…to deliver the target result

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IT Cloud Support


guided us safely past Liquidation to create a highly successful new company….without Interco the business would simply have died

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Financial Services


new company is already over £1m turnover with positive cashflow

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Events Business


We studied and analysed the business’s options together, explained the process throughout to plan the best outcome.

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Design Company Sussex


…a real feeling that you are working as a team with Michael…to deliver the target result

spacer

IT Cloud Support


guided us safely past Liquidation to create a highly successful new company….without Interco the business would simply have died

spacer

Financial Services


new company is already over £1m turnover with positive cashflow

spacer

Events Business


We studied and analysed the business’s options together, explained the process throughout to plan the best outcome.

spacer

Design Company Sussex