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Low-Cost Limited Company Insolvency Experts
Our highly experienced team of licensed insolvency practitioners and company rescue specialists in the East Midlands region cover the Buxton area. We offer a free consultation to company directors looking to close their limited company and can advise on solvent and insolvent liquidation options.
If your company can be rescued, our insolvency practitioners will strive to maximise your chances of recovery. It is common for financially distressed companies to be forced into liquidation following a winding up petition launched by creditors. If you have received a winding up petition, speak to one of our insolvency experts that cover Buxton to plan your next steps.
You may decide to voluntarily liquidate your insolvent limited company to put an end to creditor pressure and eliminate the risk of facing legal action. A Creditors’ Voluntary Liquidation (CVL) is a formal insolvency procedure used to voluntarily liquidate an insolvent company under the guidance of a licensed insolvency practitioner.
During a CVL, your appointed liquidator will raise funds to pay creditors and any remaining debts will be written off. Your company will then be closed and removed from the Companies House register.
If you wish to close a solvent limited company, a Members’ Voluntary Liquidation (MVL) is a formal insolvency procedure suitable for cash rich businesses. If you have £25,000 or more in retained profits, an MVL can enable you to distribute funds in a cost-efficient manner.
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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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