Purchasing a Business From Insolvency
Purchasing a business from insolvency is when directors or shareholders wish to repurchase their own business or that of a competitor or totally unrelated company which is insolvent.
This involves negotiating with the Liquidator or Administrator of the company to agree a deal and can involve advising the purchaser on funding options available to them and may involve working with Corporate Finance and Banking Consultants at Dains.
There are various restrictions under the Insolvency Act which need to be considered, including the review of a company name, along with other factors.
Dains can help with:
- Advising on options available
- Valuing a business and making offers
- Financial assistance
With Dains on board, you can make sure your business realises its full potential.
Dains Business Recovery Limited - Registered Company number 10115314. Registered office First Floor, Gibraltar House, Crown Square, First Avenue, Burton on Trent, DE14 2WE. Registered in England and Wales.
Martin FP Smith and Nicola J Meadows are licensed in the United Kingdom to act as Insolvency Practitioners by the Institute of Chartered Accountants in England and Wales. Furthermore, they are both bound by the Insolvency Code of Ethics when carrying out all professional work relating to an insolvency appointment. When acting as Receivers, Administrative Receivers or Administrators they act as agents only, without personal liability and when acting as Administrators, the affairs, business and property of the company are being managed by them.