Start over without the burden of company debt...


A lot of small businesses have financial issues that mean closing your company and transferring the ongoing business to a new company free of debt is a viable option.

Speak to us today to see if this is the right option for you and your company.


Get some FREE advice
Fantastic service, the person I was dealing with was Emma Blyth. She was brilliant, friendly and knowledgeable. Would recommend to anyone.

Kyle Humphries - Giftstop Ltd

Restarting your ltd company


It’s no shock that for every 4 companies that start-up within the first year 1 will have closed, within the first three years 2 will have closed. That’s a 50% chance that a new business will survive past its third year, not a great prospect when it’s your livelihood on the line.

There are of course plenty of indicators such as the insolvency 3-point check-list which can help a business owner recognise when a business is starting to have problems, but what happens when those problems pop up?

There is plenty of information around about how to approach problems in a positive way, but let’s assume the worst case scenario, your business is faced by unpayable bills, your finances are deeply in the red, what happens next?

If your business is the only income you have then outright closure will be untennable, but there is a solution.

Starting afresh without the debt

By closing your failing business, you can continue to trade within a new business, even possibly beginning the new business with assets of the old, bought for the new business at more affordable costs.

Company Restarts can help overcome start-up failures but they have to be handled in a very specific way in accordance to the legal-boundaries which govern all businesses.

By Trading on within a new company you can;

  • retain staff, ensuring the new business has the skills to get going.
  • release yourself from bad debts.
  • rid yourself obligation of bad contracts.
  • retain loyal customers ensuring future income
  • retain brand awareness, reduces the costs of ‘start-up’ for the new company.

 

Do you want to know if restarting might be suitable for your company?

Get some FREE, confidential advice now. Call us now on 01472 254914 and ask to speak to Rick, Ben or Emma, or use the button.


Get some FREE advice today

WARNING! Without the procedure being followed correctly directors may become personally liable for the indebtedness of the company and you may face a fine and possible prosecution. Speak to us now about using this solution, call us on 01472 254914.
I approached Forbes Burton to help me out of a situation that I was not capable of resolving by myself. I was in desperate need of some guidance and advice which was given freely and willingly on a regular basis. I was kept informed of developments at all stages of the process, and at no time was I contacted by any of my Creditors – a real worry to me.

Jerry (Company name withheld for confidentiality)

The law still applies

This is of course not a way to simply illegally remove unfavourable conditions, the laws for closure and company formation all still have to be attended to duly.

It is however a good way of ensuring that you can continue trading, continue earning an income and ensure that you as a business owner aren't put into a situation which if unchecked could lead as far as court imposed fines or even criminal enquiry.

If you have a failing business, but cannot bear the thought of closure due to loss of income, why not consider investigating a Company Restart, it could save you thousands of pounds in debt-fee’s and running costs.

In the long term it could ensure that your business flourishes and grows to return an even higher income for yourself and anyone you employ.

How we work with you

Speak to our experts about the best way to restart your company today

Rick Smith

Managing Director

01472 254918


Ben Westoby

Senior Client Manager

01472 254916


Chris Leadley

Marketing Manager

01472 254911


Emma Blyth

Senior Client Manager

01472 254919