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What Is A Phoenix Company
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In certain situations you are able to continue trading your current contracts from a new limited company. For more information read the following information or call us free on 0800 0662 280
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Do i need to liquidate?
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What is pre-pack administration?
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Business After Liquidation
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Creditors Voluntary Liquidation (CVL)
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What Is A Phoenix Company
A phoenix company is a successor company to a liquidated business, set up to trade again after the previous company goes into liquidation. Often some or all of the directors remain the same and in most cases and the company will conduct the same business as its predecessor. It is quite common for the phoenix company to purchase the assets of its predecessor.
This is a potential minefield and we would highly recommend contacting us for further advice on this so that you can be informed of what you can and cannot do.
For more information please visit our business after liquidation page or call us free onĀ 0800 0662 280