STARTING A NEW COMPANYAFTER LIQUIDATION?HERE'S WHAT TO CONSIDER
Buying back the business, or simply starting again — the trading name changes everything.
One path needs a formal legal process. The other doesn't.
If you want to keep trading under the same or a similar name, Section 216 of the Insolvency Act restricts that by default, with only narrow exceptions. If the name doesn't matter to you, that restriction disappears entirely — but the sale of the business itself still needs to be handled properly. Choose whichever describes what you're planning.
Pick the one that matches what you're planning.
I WANT TO KEEP THE TRADING NAME
Section 216 restricts this by default, but there are ways through it — including buying the business back from the Liquidator the right way.
THE NAME DOESN'T MATTER TO ME
No court application, no Gazette notice — but the sale of the business still needs to be at a fair, defensible price.
EITHER WAY, GET ADVICE BEFORE YOU ACT.
Both routes carry real personal risk if they're not handled in the right order — talk to us before you commit to either.