Originally Posted by
Rod-Tarry
If they are clever they have gone down without assets so owe nothing.
Its not criminal just a normal way for a Limited Company to act if its not viable to trade. Happens all the time but a lot more since 2008. They will have been advised to do this by there accountant & not just to spite you guys
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Just slightly immoral. They claim on their website:
A new company has been set up to deal with the expansion programme and the older company closed so not to create any confusion.
It won't create confusion, it's to clear existing debt. The current company is not unviable according to them, just a name change.
If there were no debt to clear they could just close the company without voluntary liquidation.
As you say though Rod, they'll have been advised to do it by their accountants / solicitors so can't really criticise them for working within the law and regulations however unsavoury they may appear.