Operators
Wind-downs and closures
For individuals and firms administering a wind-down or closure.
The same process applies when a closure is already under way. We can work with the company or the estate once the person with the rights agrees and, where required, a court approves our engagement.
Sellers pay us no fee. Buyers pay us separately, and we take no share of the amount paid to you. We disclose how buyers pay us before you sign our agreement, and how much, once known, before you sign with a buyer.
Process
Four steps
The steps are the same whether the company is operating or closed. A company may stop at any point before it signs with a buyer. Where the company is closing or has closed, please begin the review before a workspace subscription lapses. The provider may delete the records after a period.
- 01
Introductory call
We review what the company holds, who controls it, and whether a further step is appropriate. Please do not send files. If the matter proceeds, we sign a confidentiality agreement before detailed discussions.
- 02
Authority and agreement
We ask for evidence of who can approve the deal. In an operating company, that is usually the board or an officer it has authorised. In a closure or court process, it may be a liquidator, trustee, administrator, receiver, assignee or secured lender, and court approval may be needed. You sign our agreement. Only then do we describe the records to AI training-data buyers, and you can say no to any buyer.
- 03
Identifiers removed, contract agreed
Before any transfer, a specialist de-identification vendor engaged by the company removes or masks names, contact details, credentials and other direct identifiers. The buyer contract sets use restrictions and bans re-identification. We never take custody of the data.
- 04
You decide
You can refuse any buyer. If you approve a deal, payment is made on the terms of the buyer contract. If the company is still operating, it may be able to keep using its records, if the buyer agrees to a non-exclusive licence.
Start a confidential review
For companies that are operating, winding down or closed. The first step is a review of what the company holds; no files are transferred.