For officeholders

A possible extra asset for creditors

Most estates never consider the company's operational records as an asset. For companies with 30 or more staff at their peak, years of tickets, documents and team threads can be licensable to AI developers. It is worth ten minutes to check, and nothing more if it does not fit.

A ten-minute check

1. Size. Did the company have 30 or more employees at its peak?
2. Records. Do several years of operational records still exist and can they be exported? Lapsed software subscriptions are the usual reason they cannot.
3. Language. Are the records in English?
4. Authority. Does your appointment, or the sale agreement, cover the records?
5. People. Can employee and customer personal data be excluded or properly de-identified?

If the answer to all five is yes, an application is worth making. If not, it is probably not worth your time, and we would rather say so.

How to approach it

• Treat it like any other asset realisation: ask for terms in writing and take advice on the contract.
• Never send records, or a sample, before an agreement covers handling and confidentiality.
• Keep creditors informed in the usual way; records are realised for their benefit.

Referral link. As an independent referrer we may receive a fee from micro1 if a qualifying deal completes. The estate pays us nothing. General information, not legal or insolvency advice.