Buying and Selling Insolvent Businesses

• Bargain Prices- Acquiring an insolvent business allows you to purchase assets and operations at a fraction of their going concern value, providing a cost-effective way to expand your business.
• Growth Opportunity- Buying an insolvent business can accelerate your growth, enabling you to quickly enter new markets or enhance your current capabilities.
• Established Brand and Customer Base- Insolvent businesses often come with established brands and loyal customer bases, offering an immediate boost to your market presence.

Why Sell an Insolvent Business?

• Debt Relief- Selling an insolvent business can help reduce or eliminate debts, providing financial relief and the opportunity to settle obligations.
• Job Preservation- A sale can preserve jobs, ensuring continuity for your employees under new ownership. In conjunction with our Employment team, we can advise on the implications of the Transfer of Undertakings (Protection of Employment) Regulations 2006 in the relation to an insolvent business.
• Fresh Start- Selling your insolvent business allows you to move on from financial difficulties and focus on new ventures or opportunities.