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for sale for £55k!

Self-managed if all domains will be in your name (though you can add up to 4 associated names such as your business etc). Also, from memory (been a long time), and more recent threads on here, during the application, it will have loads of questions to answer; these are more applicable to the other classes of membership, so just add "self-managed tag to preserve domains in my ownership only" or something like that. Costs around £600 then £100 each year, give or take. Domains cost £4.50 per year to register/renew. Well worth doing, no way would I have the quality of domains you do on a third party registrar, especially not 123-REG.
 
Jokes aside, why try and transfer it to the worst registrar ever? (according to the many many many tales of woe here, and on the wider Web)? Seems a little ill advised...

That said, hope you get to the bottom of the issue quickly and solve the problem. It’s a cracking purchase, well done!

I guess there are lots of variables.
 

The Rule #1

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