A phoenix company is formed from the remnants of a failed company.

Example: a company may have to go into liquidation, for various reasons - usually serious losses, an insolvent sitation, and/or starvation of cash. The owner of the phoenix company may buy the assets of the failed company from the Receiver or Liquidator, at market price, and start trading in the same line of business immediately.

This is a phoenix company.

Sounds straightforward ... why do I need specialist help?

1. You need to ensure that you take the appropriate action at the right time. The phoenix process requires the highest level of professional skill. If you delay, or act solely to protect your own interests, you may become personally liable to the company's creditors.
    
   To get it right, you need specialist advice.
    
2. Also, you may well need help finding a lender who will deal with a start-up company, especially where a phoenix is involved.
    
   We have access to specialist lenders who will assist in providing capital and working capital finance.