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Compulsory strike off



New Member
I have a tenant that seems to be setting up a new company every year and is then getting it compulsory struck off, only to set up a new one.

Please can someone explain this to me?


New Member
Hi Ruth,

It sounds like your tenant might be "phoenixing." That's when a company winds up to dodge debts and then starts a new company with the same business but a different name. Basically, they get a fresh start without their old debts.

This sneaky move helps them avoid things like taxes, wages, and debts to creditors. If you think that's going on, keep a close eye on it. It might be a good idea to talk to a financial advisor or legal expert to know your rights and options as a landlord.

Also, think about having stricter vetting procedures for future tenants to steer clear of this kind of hassle.