COVID-19 Business Support

Business Support During Covid-19

Businesses up and down the country – and indeed across the world – are facing unparalleled challenges as COVID-19 coronavirus continues to hit the global economy and enforce restrictions on movement.

Increasingly strict social distancing regulations have led to many businesses being forced to close to halt the spread of the virus, while many more have had little alternative but to also temporarily cease trading as consumer demand plunges. With this sudden and unexpected drop in income, businesses of all sizes and across almost every industry, are left wondering where this leaves their company and questioning how long it can survive under the current circumstances.

Director Redundancy Entitlement – Did you know that as a limited company director, you may be entitled to claim redundancy if your company enters into an insolvent liquidation process? We can point you towards a fully regulated third party who can provide advice on your right to claim director redundancy if this is applicable to your situation. To understand if you are entitled, give a member of our team a call on 0800 063 9262, or email [email protected].

Stop Creditor Pressure

Liquidation Portal
For Company Directors

Reduce Stress - Lose Creditor Pressure
Clear & Simple Visual Dashboard - Track your Progress
Affordable Fixed Price Liquidation

START LIQUIDATING ONLINE

Jonathan Munnery

Insolvency & Restructuring Expert

If you are considering liquidation for your limited company, taking advice from a licensed insolvency practitioner can help you understand your options.

Government Help Announced

The government has responded to this crisis by announcing an unprecedented set of measures designed to ease the immediate financial strain on businesses suffering a downturn in trade during this time. These include easier access to loans and other forms of emergency finance, the chance to enter into a Time to Pay arrangement with HMRC to lessen the burden of outstanding tax arrears, as well as protection for employees through the Coronavirus Job Retention Scheme.

While these initiatives will represent a welcome boost for many, allowing the company to obtain some short-term financial stability while the situation progresses, for others the measures will not go far enough to stem the losses being experienced. In particular for those who were already experiencing financial worries before the coronavirus disrupted business, this could be the final straw.

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 .

Business Rescue Options

There are ways of rescuing a business should it be deemed viable going forwards. Options such as administration or Company Voluntary Arrangements (CVAs) could provide some much-needed relief and business stability; however for those experiencing more acute financial problems, there may be no alternative but to bring the company to an orderly wind down in order to prevent the situation escalating further, leading to additional financial losses being suffered by the company and its creditors.

This is best achieved through a Creditors’ Voluntary Liquidation (CVL); the whole process is administered through a licensed insolvency practitioner who will take charge of the company, deal with its creditors, and ensure it is closed down in the most appropriate manner possible.

Expert Help in the Face of Covid-19 Challenges

If COVID-19 challenges have pushed your business to breaking point and you would like to discuss the possibility of placing your limited company into liquidation, call the team at UK Liquidators where one of our expert advisers will be able to talk you through the liquidation procedure and arrange a no-obligation consultation for you with a fully licensed insolvency practitioner.

Officially the largest UK Liquidations Company

Supporting 25,000+ Limited Company Directors Nationwide

I knew my company was struggling for some time, but it was only when I was unable to make a scheduled payment to a supplier that I took action. UK Liquidators were here every step of the way and explained the process in full.

Michael Clemence | Managing Director

During a very stressful time, UK Liquidators were able to calmly explain the liquidation process to me, ensuring I knew exactly what I was getting into before going ahead. I cannot thank them enough for making a difficult time that little bit easier.

Harry Barnes | Company Director

Approaching UK Liquidators to handle my CVL was one of the best decisions I could have made. The advice given was clear and easy to understand and the service was first class from start to finish.

Chloe Wright | CEO

Contact the UK Liquidators Team

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.

Free initial consultation
Strictly confidential
Fully licensed insolvency practitioners
Local office support
Named case handler throughout

Looking for immediate support?

Complete the below to get in touch

COVID-19 Support

Business Support During Covid-19

Government Help Announced

Business Rescue Options

Expert Help in the Face of Covid-19 Challenges