We have recently assisted a Director and his Company to deal successfully with the following problems, with the work undertaken on a very urgent basis:
Advising them as to their options, faced with the threat of the imminent appointment of an Administrator to the Company, by the Company’s own Factoring Company.
Using NDP’s contacts in the finance market, to source and put in place a replacement Factoring Company within 7 days of instruction, so as to allow Newco to trade, thus preserving jobs and allowing continuity of trade.
Advising them in the purchase of assets and goodwill of the Company in administration, from its Administrator.
Acting for them and advising as to how they could legally trade using the name of the Old Co, so as to benefit from the goodwill attached to the name.
Successfully applying to Court on behalf of the Director to set aside a Statutory Demand served on the Director of the Company, seeking payment of over £500,000 and obtaining an Order for costs in favour of the Director from the Court against the Finance Company.