- FAQs
- Is transferring my company legal? It is perfectly legal within UK law to allow another person or company to take control of another company.
- What happens to company debts? Any debts belonging to the company will remain with the company. We will contact creditors, informing them of the new owners, service address, etc
- Can I resign as a director immediately? YES
- What if the company owes HMRC? Again, this is treated as the company’s debt, and we will liaise with HMRC
- What happens to a Bounce Back Loan? A Bounce-back loan given to a limited firm was provided on an unsecured basis and is no different to any other company loan. Read more here
- How long does the process take? From agreeing on the sale purchase, usually within 2-3 days
Skip to content
