Chatham Company Insolvency Help
The Chatham office of UK Liquidators is a local support hub for company directors looking for expert advice on how to close a limited company. Operated by a team of licensed insolvency practitioners and company rescue experts, we can help ascertain the best route for your company, whether this is company liquidation or corporate restructuring.
If your company can be rescued, we will explore the options available, such as commercial finance or a formal payment arrangement. If you can’t afford to pay creditors, your business could be forced into compulsory liquidation following a winding up petition launched by creditors.
Entering company liquidation voluntarily, such as through a Creditors’ Voluntary Liquidation (CVL) can give you more control over the company liquidation process. You must enter a CVL under the guidance of a licensed insolvency practitioner. During a CVL, company assets will be liquidated to raise funds for 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) can help you distribute funds in a cost-efficient manner if you have retained profits of £25,000 or more. Our insolvency experts will advise you on Business Asset Disposal Relief, formerly known as Entrepreneurs’ Relief.
The Chatham UK Liquidators team of licensed insolvency practitioners offer a free consultation to company directors looking for company liquidation advice. We have a vast network of over 100 offices across the UK, including in Medway, Dartford and Southend, in addition to Chatham.
