Wembley Company Insolvency Help
The Wembley office of UK Liquidators is supported by a reputable team of licensed insolvency practitioners providing company liquidation services to businesses across Wembley and the Greater London area. We have nearby offices in Harrow, Enfield and Paddington which makes up our network of over 100 offices across the country. If you are a limited company director looking to close your limited company, get in contact with the UK Liquidators Wembley team.
Your business will be forced into compulsory liquidation following a winding up petition issued by creditors. This route is typically taken after unsuccessful attempts taken by creditors to recover money owed. We offer a free consultation to help you explore the possibility of company rescue or liquidation.
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 .
A Creditors’ Voluntary Liquidation (CVL) is a formal company liquidation process for financially distressed businesses. This route is director-initiated and consists of raising funds to repay creditors through the sale of assets. A licensed insolvency practitioner will be responsible for acting in the best interests of creditors and ensure that value is maximised throughout the liquidation process. Once creditor affairs are settled, any remaining debts may be written off and the company will cease to exist.
A Members’ Voluntary Liquidation (MVL) is a formal company liquidation route for solvent businesses with £25,000 or more in retained profits. For an MVL to be suitable, the business must be viable, and therefore able to settle liabilities within 12 months. You may also be able to benefit from Business Asset Disposal Relief, formerly Entrepreneurs’ Relief, which can maximise cost-efficiency.
For more information, contact the Wembley office of UK liquidators for a free initial consultation.
