Low-Cost Limited Company Insolvency Experts
The UK Liquidators Altrincham team is made up of licensed insolvency practitioners and business rescue experts highly experienced in advising company directors in serious financial distress. We offer a free consultation to business owners looking to close their limited company. We also provide support to company directors wishing to exit from their solvent company due to the likes of owner retirement or to redirect interest to other business ventures.
Our Altrincham office is located close to our offices in Manchester, Stockport and Bury, contributing to our network of over 70 offices across the country. We are the UK’s largest provider of company liquidation services as we recognise the difficulties of operating a business under constant pressure from creditors. We have a strong track record of assisting company directors in financial distress, assisting in business restructuring and company closure procedures.
As a final resort, creditors may issue a winding up petition against your business, forcing it into compulsory liquidation. If the winding up order is granted, the control of your business will be transferred to a licensed insolvency practitioner who will embark on an exercise to generate funds to repay creditors. Once outstanding affairs are settled, your business will be closed and removed from the Companies House register.
A Creditors’ Voluntary Liquidation is a formal insolvency procedure typically initiated by the company director(s) to bring the business to a close. The route is like a compulsory liquidation; however, you will have greater control over the process which will be conducted by a licensed insolvency practitioner.
If you wish to close your solvent company, a Members’ Voluntary Liquidation can help you extract retained profits in a cost-efficient manner. You may also be able to benefit from Business Asset Disposal Relief, previously known as Entrepreneurs’ Relief, if eligible.
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.
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