Why choose a Company Voluntary Liquidation?
There are several reasons, but primarily this route will be selected when the business cannot find a way to continue trading. We know how stressful this can be as the owner, and we are here to help with advice and support every step of the way.
We work with all our clients to try and find a way to keep a business operating if there is a chance and this can be achieved by restructuring, discussions with creditors, or by bringing in other professionals to help turn things around.
We are genuinely here to help, and we offer a FREE initial conversation without any obligation to you or your business.
Why choose us?
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Free consultation – we are so confident you will like our approach we offer a free 30-minute consultation.
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No pressure - We are qualified and experienced professionals who can give you advice without having to worry about a sales pitch.
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Timely liquidation - If you want to move fast with your Voluntary Liquidation, we can deal with creditors and HMRC almost straight away.
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Affordable pricing - Our costs for Voluntary Liquidation are highly competitive and fully transparent.
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No headaches - We prepare all the paperwork for you and guide you through the entire process.
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Advice for employees - If you have staff, we will take care to ensure that they are dealt with sympathetically and we will help with their claims for payment they’re due.
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Local support – we have teams up and down the country available to help you.
What's involved?
As a company director, if you are concerned that your company is unable to pay its current or upcoming liabilities (eg trade liabilities, Bounce Back Loan, CBILS, Tax, VAT etc), you may need to take steps to address the situation. If an attempt to save the business is unlikely, you may decide to place the company into liquidation by a voluntary process. This is done using a formal insolvency process known as a Creditors’ Voluntary Liquidation or CVL.
A licensed insolvency practitioner is required to facilitate the process on behalf of your company and they will be responsible for identifying and selling company assets, managing all communication with creditors and completing the framework for closing the company. Once the insolvent state of the company is confirmed, as director, you will have certain legal responsibilities and duties and appointing an insolvency practitioner to assist with the voluntary liquidation of the company helps to manage these duties.
We are able to provide you with immediate, free advice allowing you as a company director to consider the most appropriate option for your company. We will support you through the formal process and offer other relevant advice through our network of professionals, including legal advice and help with redundancy and other employment claims.
Need more details? Contact us
We are here to assist. Contact us by phone, email or our online form