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Poppleton & Appleby are pleased to announce that there has been a successful sale of the Clovemead Limited corporate headquarters in Warrington.
If your company had been placed into liquidation, you may be preparing for the future and considering whether your company name can be reused following this process. Section 216 of the Insolvency Act 1986 places restrictions on the use of a liquidated company’s name – a law put in place to address the issues of ‘phoenixing’ (which you can find out more detail about here), in which a company may rack up debts before becoming insolvent and then returning as [...]
Stephen Wainwright, Partner, comments on HMRC becoming the preferred creditor.