Solihull Company Insolvency Help
The UK Liquidators Solihull office is operated by our expert team of licensed insolvency practitioners and business restructuring professionals, offering straightforward and actionable advice to company directors looking to close their limited company. If your business is insolvent and under threat from creditors, you may need to seek a company liquidation solution immediately, before being forced into compulsory liquidation.
Compulsory Liquidation is a common route taken by creditors to kickstart the repayment process to settle outstanding debts. The process is typically triggered by a winding up petition, which if successful, could result in the closure of your company. A licensed insolvency practitioner will be appointed to manage your company affairs and generate funds through the sale of assets to settle creditor debts.
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 you wish to enter the company liquidation process voluntarily and act one step ahead of creditors, a Creditors’ Voluntary Liquidation (CVL) may provide an ideal route. A CVL can help you manage your company finances by generating funds through asset sales to repay creditors. Once this exercise is complete, your business will be closed and removed from the Companies House register.
If you are looking to liquidate your solvent company, a Members’ Voluntary Liquidation (MVL) is likely to be a suitable route for your business. This path enables you to extract retained profits and distribute the funds to shareholders in a tax-efficient manner. Your business should be able to settle outstanding creditor debts within the space of 12 months for this route to be suitable. If eligible, you may also be able to benefit from Business Asset Disposal Relief, previously known as Entrepreneurs’ Relief.
Our Solihull office is part of our wider network of offices across the UK, including in Birmingham, Coventry and Wolverhampton. Contact a member of the UK Liquidators team to book a free consultation and explore your options.
