I don't understand your post about Farrell.
So he was pouring millions into a bottomless pit so had to liquidate the old airline and start afresh with a new airline with him as the registered director?
If you set up a 'new' company registered at company house, with the same name as an old airline, with the same aircraft, with the same director initially, with a lot of old flight crew, replicating some of their old routes, and then argue to the CAA that you didn't have to close down the old airline but you thought it was their preference, it's probably safe to say it's a continuation rather than a complete separate company with no links whatsoever.
I accept you might disagree. But I'm not to going to whinge again and again on the thread because people disagree with me.