Clark Sinclair Limited took more than £123,000 from businesses with debts by claiming they could provide alternatives to formal insolvency.
Clark Sinclair Limited offered to arrange sales of financially distressed businesses for £1 and charged a fee.
They misleadingly suggested directors could avoid scrutiny by selling their companies before liquidation.
A Manchester-registered company has been shut down following an Insolvency Service investigation which found they were providing misleading services to directors of companies in financial difficulty.
Clark Sinclair Limited’s promotional emails suggested directors could avoid reputational damage by selling their companies before liquidation.