Phoenix Company Advice in Dorset

At Fast Insolvency, we provide clear, compliant guidance on forming a phoenix company in Dorset, 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 Dorset.

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

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

What Is a Phoenix Company in Dorset?

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

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

Is It Legal to Start a Phoenix Company in Dorset?

Yes, forming a phoenix company is legal in the UK in Dorset, 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 Dorset.

What Are the Legal Restrictions in Dorset?

Under Section 216 of the Insolvency Act 1986 in Dorset, 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 Dorset for the new company’s debts and even criminal penalties.

How Can I Reuse the Company Name Legally in Dorset?

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

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

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

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

Can I Keep My Staff and Clients in Dorset?

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

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

Will Creditors Be Notified in Dorset?

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 Dorset.

This ensures transparency and protects creditors from deception in Dorset.

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

The assets in Dorset 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 Dorset.

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

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

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

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

The typical process in Dorset includes:

1. Entering a formal liquidation (CVL) in Dorset

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

3. Setting up a new company in Dorset

4. Transferring staff and operations in Dorset

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

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

Does HMRC Allow Phoenix Companies in Dorset?

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

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

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

If your company was forcibly wound up in Dorset 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 Dorset.

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

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

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

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

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

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

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

Get Expert Phoenix Company Advice Today in Dorset

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

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

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

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