Hello
@garyandjen ,
Welcome to UKBF, and I'm sorry to hear about the position you find yourselves in.
Hi, we find ourselves in a position of whether to voluntarily dissolve our current company
Always good to be aware that dissolving and liquidating are two separate processes. Dissolving (also known as a strike off) is a process that creditors have a right to object to, and a liquidation is a more formal process where creditors cannot object. As your post's title is 'Liquidation advice,' I'll assume your questions are connected to a liquidation.
Can we have a new company name similar to our current one?
Generally yes, however there are restrictions and certain steps need to be followed - please see the below:
www.gov.uk
Can we keep our current, phone number and email address?
Again, generally yes. They may be considered assets of your old company and you may have to pay a nominal amount into the liquidation pot to purchase them out.
Does anyone know about us buying the rights from our old company to use with a new one?
Depends on the process, but it will be recorded at Companies House that your old company will have been liquidated, with this information being publicly available. You will also have to inform anyone you have dealings with (e.g. customers, suppliers etc) that you are working through a new company with a new Companies House registration number. If you are also re-using the same or similar name and have followed the appropriate process to do so, this will be listed in a legal publication - see my earlier point about re-use of name.
Can we open the new company and trade in same nature of business before our other company liquidates?
Again, generally yes, however the timing of you starting to trade a new company and getting the current company into liquidation can affect what process you need to consider if you wish to re-use the current or similar name/trading style.
Have you spoken with an insolvency practice about a potential liquidation? Whilst I've given some brief and general answers to your questions, an insolvency practice assisting you with a liquidation would be able to give you more detailed answers specific to your circumstances.
If you are not already taking advice, I (or any of the regular insolvency advisors here in UKBF) would be happy to help. Initial advice from myself and the firm I represent is confidential and at no cost - please feel free to DM me or contact me using the details in the post's signature.
