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The first 30 days matterTypical sequence; timings vary by case
Liquidators: data is an asset, so treat it like one
An insolvency practitioner's job is to realise assets for creditors, and a company's records can be one of them if they're preserved in time.
The office holder's position
- You control the records and act as controller.
- Costs and agents' fees are disclosed under SIP 9.
- Personal data protections apply throughout.
Commission on realisations
Our estate work is paid as a percentage of what's realised: 20% up to £100k, 15% to £500k, 10% above. No sale, no fee. See insolvency practitioners.
Key takeaways
- Preserve first: licences lapse fast.
- Document everything for the file.
- Fees disclosed under SIP 9.
What could your company's records earn?
A free, nine-question estimate. No files, no logins.
More in Insolvency
A bankrupt airline's records and a $10m bid: what it means
Spirit Airlines' archive attracted a reported $10m bid in its bankruptcy, subject to court approval. The lessons for UK estates.
Why a failed company's emails may be its last valuable asset
Stock and equipment sell for pennies. A well-preserved archive can raise real money for creditors, if it's handled right.
UK company insolvencies hit a 30-year high. Their data is still worth something.
Over 25,000 companies went insolvent in England and Wales in 2023. Their records are an overlooked asset for creditors.