If your company is entering liquidation, one of the first concerns is what happens to the business assets. Many directors ask whether they can keep or repurchase equipment, stock, vehicles or even the brand name to start again. This guide explains when and how directors can legitimately buy assets back from a liquidator.

Yes, you can buy back and reuse your company name after liquidation, but you must follow strict legal procedures under Section 216 of the Insolvency Act 1986 to avoid personal liability and prosecution.

When a company cannot afford redundancy, employees and eligible directors can claim statutory payments from the government’s Redundancy Payments Service, funded by the National Insurance Fund.

Yes, in most cases you can start a new company after liquidation. However, there are strict legal rules you must follow, particularly around using the same or a substantially similar company name.

If a creditor, for example HMRC, has served you with a winding up petition, your company faces being forcibly closed by a court unless you act within days. Once the petition is advertised in the London Gazette, it is likely that your bank accounts will be frozen.

Company Liquidation UK explained by Easy Liquidation. Learn the process, director responsibilities, eligibility rules, HMRC debt issues and practical next steps.