St Albans Company Insolvency Help
The UK Liquidators team in St Albans are well equipped to advise company directors in financial distress on company restructuring and liquidation solutions to help end creditor pressure. UK Liquidators is UK’s largest provider of company liquidation services, backed by a heavyweight team of licensed insolvency practitioners and business rescue experts. We offer a free consultation to business owners looking to close their limited company.
Compulsory liquidation is a common route pursued by creditors to recover outstanding funds. If you are on the receiving end of a winding up petition, your business may be forced into compulsory liquidation. In this event, you should seek urgent advice from a licensed insolvency practitioner to discuss your options.
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 voluntary close your insolvent business, a Creditors’ Voluntary Liquidation may provide an ideal solution. A business is classed as insolvent if its liabilities outweigh assets and if it is unable to make payments when they fall due. A CVL is conducted by a licensed insolvency practitioner which consists of generating returns from the sale of assets. Once creditors have been repaid to the best of your ability, any remaining debts may be written off.
If you are looking to close your solvent company, the UK Liquidators St Albans team can offer advice on a Members’ Voluntary Liquidation. An MVL is suitable for a profitable business with a substantial amount of retained funds for it to be cost-efficient. If eligible, you may also be able to incorporate savings from Business Asset Disposal Relief, previously known as Entrepreneurs’ Relief.
Our St Albans office is located close to our Watford and Luton offices, as part of our network of offices across the country.
