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If a company goes into Administration and is then taken over is a (15yr) guarantee still valid?

RLY
Posts: 5 Forumite

Here they are implying not - what is the situation in this case?
"Mayfair Brassware
went into Administration in May 2019 and from July 2019 was taken over under
new ownership. We can only offer a warranty on products purchased from
us. "
Many thanks
0
Comments
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not if the original company name has ceased trading. That is why insurance-backed guarantees are preferable. i assume yours wasn't ?0
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RLY said:Here they are implying not - what is the situation in this case?"Mayfair Brassware went into Administration in May 2019 and from July 2019 was taken over under new ownership. We can only offer a warranty on products purchased from us. "Many thanks
Its assets were sold which includes its branding, if you look up the company that currently is operating the website its B & S (LEICESTER) LIMITED
Unless the warranty was insurer backed then it died with the company.0 -
Here "taken over" just means "the administrators sold the assets which were worth anything, and then the company was wound up". It wouldn't be normal for anybody to take on liabilities such as warranties.0
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