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Low-Cost Limited Company Insolvency Experts
The Yorkshire base of UK Liquidators is managed by our team of licensed insolvency practitioners and business recovery professionals. We offer a free consultation to company directors in and around Rotherham experiencing serious financial problems as a result of poor cash flow and a deteriorating balance sheet. The UK Liquidators team will assess if your business can be rescued through a restructuring procedure. If there is no chance of making a recovery, we will explore company liquidation options to put a stop to creditor pressure and settle outstanding affairs with creditors.
Company liquidation is typically the final resort for businesses, offering them the opportunity to remedy the situation with creditors and draw a line under the future of the business. If you are racing against time to keep creditors at bay, a Creditors’ Voluntary Liquidation can help exercise control over the closure of your company and act in the best interests of creditors.
A Creditors’ Voluntary Liquidation is a formal insolvency procedure entered into voluntarily under the recommendation of a licensed insolvency practitioner. This company closure procedure consists of generating funds through the sale of assets to repay creditors. Once creditor affairs are settled, any remaining debt may be written off. Your company will then be closed and removed from the Companies House register, ceasing in legal existence.
If you wish to liquidate your profitable business, a Members’ Voluntary Liquidation enables you to extract profits and distribute them to shareholders in a cost-efficient manner. This route is suitable for viable businesses with the ability to settle outstanding debts to creditors within 12 months. We understand that there are many reasons company directors may wish to sell their business, from owner retirement, cashing out on your investment or because your business may have reached the end of its useful life.
Get in touch to arrange a free consultation at a UK Liquidators office, your closest offices are Sheffield, Doncaster and Huddersfield.
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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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