27 April 2016
We’ve teamed up with TV show Kochie’s Business Builders to produce a series of videos to help you spot and protect yourself from dodgy phoenix operators.
What is a phoenix company?
A phoenix company is one that closes up by going into liquidation. It then starts trading again under a new name, and does similar work using assets transferred over from the old business. The main aim of these dodgy operators is to avoid paying bills.
Phoenix operators can leave you (and other workers, suppliers and customers) high and dry by not paying money they owe.
Signs to look for:
Watch the videos by Kochie's Business Builders for more great tips.
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