Say Goodbye to Creditor Pressure
Welcome to UK Liquidators, the UK’s largest firm for company liquidations. With over 25 years’ experience of assisting directors in voluntarily closing down their limited companies, and over 100 offices located up and down the country, we are perfectly placed to help you and your company regardless of its current position.
Whether your company is solvent or insolvent, ensuring it is closed in an orderly manner and in accordance with the latest regulations is of paramount importance. If your company is insolvent, you have various responsibilities towards your creditors during this time; seeking the advice of a licensed insolvency practitioner will ensure they are treated fairly.
For solvent companies, opting for a formal liquidation procedure as opposed to striking the company off, could be a much more tax-efficient and cost-effective way of closing the business.
If any of these debts strike a chord with you and you feel ‘in over your head’ with escalating liabilities, liquidation may be the best route forward before matters get worse. Remember, as a company director you have a duty of care not to worsen the position of your creditors and you should cease trading as soon as possible if your business is steadily losing money with no realistic prospect of the situation improving.
Director Redundancy Entitlement – Did you know that as a limited company director, you may be entitled to claim redundancy if your company enters into an insolvent liquidation process? We can point you towards a fully regulated third party who can provide advice on your right to claim director redundancy if this is applicable to your situation. To understand if you are entitled, give a member of our team a call on 0808 253 5556, or email [email protected].
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If you are considering liquidation for your company, taking expert advice at an early stage is crucial. At UK Liquidators, our team of licensed insolvency practitioners are committed to providing limited company directors with the help and advice they need to make an informed decision.
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