Phoenix Company Advice in Wiltshire

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

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

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

What Is a Phoenix Company in Wiltshire?

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

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

Is It Legal to Start a Phoenix Company in Wiltshire?

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

What Are the Legal Restrictions in Wiltshire?

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

How Can I Reuse the Company Name Legally in Wiltshire?

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

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

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

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

Can I Keep My Staff and Clients in Wiltshire?

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

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

Will Creditors Be Notified in Wiltshire?

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 Wiltshire.

This ensures transparency and protects creditors from deception in Wiltshire.

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

The assets in Wiltshire 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 Wiltshire.

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

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

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

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

The typical process in Wiltshire includes:

1. Entering a formal liquidation (CVL) in Wiltshire

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

3. Setting up a new company in Wiltshire

4. Transferring staff and operations in Wiltshire

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

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

Does HMRC Allow Phoenix Companies in Wiltshire?

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

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

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

If your company was forcibly wound up in Wiltshire 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 Wiltshire.

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

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

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

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

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

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

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

Get Expert Phoenix Company Advice Today in Wiltshire

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

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

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

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