Phoenix Company Advice in Bristol

At Fast Insolvency, we provide clear, compliant guidance on forming a phoenix company in Bristol, a new business that rises from the closure of an insolvent company.

This route allows directors to start fresh, retain viable parts of the old business, and protect jobs, but strict rules apply under UK insolvency law in Bristol.

We protect directors from liability while helping you start fresh with a viable new business in Bristol.

Contact us today in Bristol for free advice on phoenix company formation and to avoid the legal risks of getting it wrong.

What Is a Phoenix Company in Bristol?

A phoenix company is a new business that is formed after an insolvent company has been liquidated in Bristol.

It often has the same directors, staff, and assets, but operates as a legally separate entity with a different name or structure in Bristol.

Is It Legal to Start a Phoenix Company in Bristol?

Yes, forming a phoenix company is legal in the UK in Bristol, as long as it follows the rules under the Insolvency Act 1986.

The process must be transparent, and directors must not trade while insolvent or breach restrictions on using the old company name in Bristol.

What Are the Legal Restrictions in Bristol?

Under Section 216 of the Insolvency Act 1986 in Bristol, directors of an insolvent company are prohibited from reusing the same or similar name for 5 years, unless they follow strict exemption procedures.

Breaching this rule can result in personal liability in Bristol for the new company’s debts and even criminal penalties.

How Can I Reuse the Company Name Legally in Bristol?

You can apply for a Section 216 exemption in Bristol if:

• You buy the old company’s assets from a licensed insolvency practitioner in Bristol

• You notify all creditors and file the correct forms with the court and Companies House within 28 days in Bristol

We can handle this entire process for you to ensure compliance in Bristol.

Can I Keep My Staff and Clients in Bristol?

A phoenix company in Bristol can often retain key contracts, client relationships, and employees from the old business.

Transferring staff must follow TUPE regulations in Bristol to protect employment rights.

Will Creditors Be Notified in Bristol?

All creditors of the liquidated company must be notified if the new company is using a similar name or operating in a similar way in Bristol.

This ensures transparency and protects creditors from deception in Bristol.

Can I Buy the Assets from the Old Company in Bristol?

The assets in Bristol including stock, equipment, or intellectual property, can be sold to the new company at fair market value by the liquidator.

You cannot transfer assets privately or below market value in Bristol.

What Are the Risks of Forming a Phoenix Company in Bristol?

If the rules are not followed correctly, you could be held personally liable for new company debts or be disqualified as a director in Bristol.

There may also be reputational damage in Bristol if the new company appears to evade the old one’s obligations.

What Is the Process for Creating a Phoenix Company in Bristol?

The typical process in Bristol includes:

1. Entering a formal liquidation (CVL) in Bristol

2. Valuing and selling the old company’s assets in Bristol

3. Setting up a new company in Bristol

4. Transferring staff and operations in Bristol

5. Filing all legal notices and exemption forms under Section 216 in Bristol

We manage this process end-to-end to ensure full compliance in Bristol.

Does HMRC Allow Phoenix Companies in Bristol?

HMRC permits in Bristol the formation of phoenix companies, but they monitor closely for misuse.

You must remain fully compliant in Bristol with tax obligations in the new business.

Can I Form a Phoenix Company After Compulsory Liquidation in Bristol?

If your company was forcibly wound up in Bristol through compulsory liquidation, you must still follow the same name reuse restrictions and apply for court permission.

In some cases, HMRC or other creditors may object in Bristol.

What If I Want to Use a Completely New Name in Bristol?

If the new company name is not the same or similar in Bristol, Section 216 restrictions do not apply.

However, you still need to ensure that no misleading links exist in Bristol between the old and new businesses.

How Much Does It Cost to Set Up a Phoenix Company in Bristol?

A CVL in Bristol costs from £3,000–£5,000 in Bristol, plus legal fees for name reuse applications if needed.

The cost in Bristol depends on whether you’re purchasing assets and the complexity of the liquidation.

We offer fixed-fee packages in Bristol that include full phoenix company advice and compliance.

Get Expert Phoenix Company Advice Today in Bristol

If you're closing an insolvent company in Bristol and want to continue trading, legal guidance is essential.

We offer low-cost, legally compliant phoenix company services in Bristol with expert oversight.

Contact Fast Insolvency now for free, confidential advice on forming a phoenix company safely and lawfully in Bristol.

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