Insolvency rules can be savage. By restarting “wrongly” a Director can find himself liable personally for the debts of the company he closed, and essential assets forfeited.

That's where successful restart management by Interco really counts ! Together with our Insolvency Practitioner colleagues we can pre-plan a legally correct process. “Newco” pays an independently valued “realisation level” price for the goodwill assets and trade of the old company which is affordable and, given safeguards, can be paid over time.

By pre-planning, the change can be made seamless to customers and any contracts assigned to Newco. Leased equipment and vehicles can be assigned to the Newco if more beneficial than a fresh start.

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