A Manchester Company that helped failing businesses avoid legitimate insolvency procedures has been shut down
Davis Acquisitions Ltd first based in Ducie Street before moving to Moston Lane became the director of 78 client companies previously associated with Save Consultants Ltd, allowing directors to transfer control and avoid formal insolvency proceedings.
Websites of both companies promised directors they could “leave their debts behind” and avoid “difficult insolvency proceedings” by selling their companies within 48 hours.
However, the services they were offering bypassed legitimate procedures that protect creditors and ensure proper scrutiny of director conduct.
Davis Acquisitions Ltd was…