Halifax Company Insolvency Help
The UK Liquidators Halifax office is managed by a team of renowned business rescue professionals and licensed insolvency practitioners responsible for providing extensive support and proactive advice to company directors in financial distress. We offer a free consultation to business owners in financial difficulty, advising on the best ways to keep creditor pressure at bay and facilitate an exit.
We understand that dealing with financial challenges can be distressing, alongside operating an ailing business and warding off creditors. It is common for creditors to explore extreme measures as a last resort to recoup outstanding funds, such as a winding up petition. If successful, this could result in pushing your business into compulsory liquidation.
If you would prefer to take the voluntary liquidation route, a Creditors’ Voluntary Liquidation may provide the necessary means to close your company. Managed by a licensed insolvency practitioner, this process consists of making repayments to creditors by realising asset value. Any remaining debts will likely be written off, resulting in the closure of your business and its removal from the Companies House register.
Worried about your Bounce Back Loan?
If you are a limited company director worried about how you are going to repay your Bounce Back Loan, we are here to help. As licensed insolvency practitioners we can talk you through your options when it comes to repaying your outstanding Bounce Back Loan, as well as handling all negotiations with creditors on your behalf. Call our team today on 0800 063 9262 .
If your business is a profitable entity with a substantial amount of retained profits, you may turn to a Members’ Voluntary Liquidation which consists of distributing funds and asset value. An MVL allows you to close your business and extract profits in a tax-efficient manner, taking into consideration Business Asset Disposal Relief, previously known as Entrepreneurs’ Relief.
The UK Liquidators Halifax team are equipped with the knowledge and relevant expertise to assess your company situation and recommend the best route forward. Company liquidation can help stop creditor pressure and provide a low-cost exit. In addition to our Halifax office, we have a vast network of offices across the country, including Salisbury, Southampton and Brighton.
