Also to add was adviced to look at this page http://www.hmrc.gov.uk/manuals/insmanual/ins1121.htm
This shows in newcos case HMRC will be on them in an instant when they realise that they are up the creek which seems to be sooner rather than later
Also with the hmrc website within the S423 Insolvency Act 1986. The new company can be held responsible for the old companies debt if any of the 6 following criteria is met:
1.Are the directors the same or is there evidence that the directors of the previous company are connected with those of the successor company, or involved in its management?
2.Is the successor company carrying on the same trade as the previous company?
3. Are the employees the same?
4.Is the trading or company name the same or similar?
5.Are the trading premises the same?
6. Did the successor company acquire assets from the previous company?
Hope this clears up the they can't come after us for oldco debt as we are a newco