Ask a Scots Law Question, Get an Answer ASAP!
If you transfer assets from one company to the other you run the risk of any liquidator pursuing you personally for a contribution to the debts of the company. In addition the liquidator could report you to the DTI which could apply to the court for a disqualification order barring you from being a director of any company in the future. I do not recommend that you do this unless the new company can operate without taking a transfer of assets from the old. It would be better if you could trade out of the current situation by fulfilling the order and getting as much in as you can. Then if you have to liquidate at least you have done everything you could have done to preserve the company and fulfil the orders. You do, however, have to protect your own position and by transferring assets to avoid HMRC debt you are placing your personal position at risk. I hope that helps. Please leave a positive rating so that I am credited for my time.
You mentioned deposits. What happened to them? And how do you expect to fulfil orders without working capital? I appreciate you haven't given me all the information. I am just warning you of certain consequences that could arise in certain circumstances. If you want to give me all the information and seek more detailed information them please feel free to post a new question with a reasonable deposit and I will look at it for you.