Specialists in Business Recovery

Frequently Asked Questions

Below are some Frequently Asked Questions that our clients have come up with over the years. If you can't find the answers to your specific question, please email us info@ammcholdings.com or ring us on 020 77 22 46 43 and we will try and help.

Q. Am I personally responsible for my company's debts?
A. No, you are only personally responsible for the debts of your limited company where you have given a Personal Guarantee.

Q. What options of insolvency are available and how do I choose the right procedure for my insolvent company?
The main options are Liquidation, Company Voluntary Arrangement (CVA), Administration and CCT. The best procedure is the one that brings you an immediate financial and commercial benefit.

Q. Are there specific commercial solutions for my business problems?
A. Yes, Corporate Company Transfer (CCT) which is a unique service offered by AMM being a variation on Company Take-overs.

Q. How much do these options cost?
A. The costs for liquidations and Company Voluntary Arrangement (CVA) can vary. We will provide the most competitive option.

Q. Can you help me to protect my business and my house?
A. Yes. For full details and a confidential discussion, call us today on 02077 224643.

Q. Can you help me to improve my company’s cash flow problem?
A. Yes. For full details and a confidential discussion, call us today on 02077 224643.

Q. Am I allowed to have a new company?
A. You can have as many companies as you want as long as you are not disqualified from being a Director.

Q. Can somebody else take full responsibility for my company’s business problems?
A. Yes, you have a statutory right to resign as long as someone else is prepared to step into your shoes.

Q. Can AMM do this?
A. Yes. For full details and a confidential discussion, call us today on 02077 224643.

Q. How soon can I return to profit with a new company?
A. Immediately, as you will be running a debt free business unencumbered by the debts of the old company.

Q. Will the new company be independent from my old company?
A. Yes, every limited company is a separate legal entity in its own right.

Q. Can you help me raise money to finance my new business?
A. Yes, if you can show that you have significant orders or contracts.

Q. Will the CCJs registered against my company damage my personal credit record?
A. No, the limited company is a separate legal entity from the individual Director.

Q. Can I take over the assets of my old company into my new company?
A. Yes, subject to an independent valuation to ensure the assets are not sold at an undervalued price.

Q. How will the bank react to me involving AMM in my business?
A. They will be relieved that you have taken action to remedy your company’s problems.

Q. How much will it cost me to have you as Consultants for my new company?
A. No additional costs after the company transfer fee.