Warrington Company Insolvency Help
Welcome to the Warrington Office of UK Liquidators, managed by our team of licensed insolvency practitioners and business recovery specialists. We can offer a free consultation to company directors in financial difficulty to determine if your business can be rescued through a restructuring solution, or if a company liquidation procedure would be better suited.
If your business is in serious arrears with creditors, you may be in the firing line of being forced into compulsory liquidation as a result of legal action. Creditors commonly attempt this route to recoup outstanding funds, however, failure to make the payment or arrive at an agreement during the early stages of the process could result in the forced closure of your company.
Creditors’ Voluntary Liquidation (CVL) is a formal insolvency procedure entered into voluntarily. This route is typically taken following the accumulation of debt over a series of months, or even years. By entering a Creditors’ Voluntary Liquidation, you can settle outstanding affairs with creditors which may result in the remainder of your debt to be written off upon liquidation. Your company will then be closed and removed from the Companies House register.
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 liquidate a profitable business, a Members’ Voluntary Liquidation (MVL) may be suitable for your company. An MVL is a formal insolvency process administered by a licensed insolvency practitioner. Once creditor affairs have been settled, retained profits will be distributed to shareholders in a tax-efficient manner and the company will then be closed.
We cater to company directors across Warrington and the wider North West region through our offices in Manchester, Liverpool and Preston. Our advisors are experienced in rehabilitating distressed companies and recommending the best company liquidation routes to facilitate a cost-efficient exit. Contact a member of the UK Liquidators Warrington team for a free consultation.
