Insolve365 with our team of specialist insolvency services and business recovery professionals provide services to corporate and personal clients. Whether you are involved with a struggling business, being chased for payment, experiencing personal financial difficulties or know someone in financial distress, the team at Insolve365 can help.
Through our innovative and tailored process, you will be able to exercise greater control over the transaction as oppose to formal insolvency processes associated with Winding Up Petition where a liquidation order is issued by court if debts are not paid, which means the time is up and your company is being wound up, the liquidator is appointed, the investigation into the company’s affairs will start and The Insolvency Service is going to be contacting you shortly.
To avoid a rather harsh and costly process of liquidation, Insolve365 can through a legal process immediately buy your insolvent company even if it has no assets and negotiate the best possible outcome.
- The transaction through a direct sale of the insolvent company dramatically reduces time and costs usually associated with formal insolvency process, engaging insolvency practitioners, and initiating CVA, CVL, liquidation, winding up or administration. It also eliminates adverse opportunities for third parties, such as creditors or suppliers to disrupt the continuation of your business and its reputation.
- A sale of the company to an independent buyer, before the formal insolvency process is initiated, provides a high level of credibility and transparency. You as the seller will clearly demonstrate to creditors and third parties that the sale of your company is perceived as having been done in an utterly transparent and legitimate way.
- As not all buyers are always interested in particular assets; in a case of a specific transaction, you might be able to keep the assets, such as contracts, employees, etc., in your new company and thus continue your focus and efforts on trading without any disturbances and burden.
- The sale of your company to an independent buyer will also have a positive effect on your reputation as an owner or director, as well as the reputation of your business and its management amongst creditors, suppliers, customers and others outside the company.
Your problem with the insolvent company is immediately over; we will subsequently terminate previous directors, immediately appoint a completely new board of directors and take over the whole operational management of your insolvent company.
Subsequently upon a sale of your troubled company you will receive the Release of Liability Declaration which will release you from all company liabilities and future obligations forthwith.
When we buy your company, you will also be immediately released from all further responsibility and accountability for proper maintenance and management of the accounting records.