Our Barnsley Office - Insolvency Practitioners

Our Barnsley office is operated by a highly experienced team of licensed insolvency practitioners and business rescue experts, providing actionable advice to company directors in financial distress. If your business can be rescued, the UK Liquidators team will recommend a restructuring solution to help your business secure a viable and prosperous future. If your company is out of cash and in arrears with creditors, your only remaining option may be to voluntarily liquidate your company.

In most cases, creditors may issue a winding up petition against your business to kickstart the repayment period. If successful and the Court passes a winding up order, your company will be forced to close. If you are experiencing pressure from creditors, such as threats of legal action, taking the Creditors’ Voluntary Liquidation route can give you greater control over the timescale of affairs and the management of the closure process.

Conducted by a licensed insolvency practitioner, a CVL consists of generating returns through asset sales to repay creditors. Once any outstanding affairs are settled, the company will be closed and removed from the Companies House register. If your business is forced into compulsory liquidation, this will result in repaying creditors in prescribed priority order, as directed by a licensed insolvency practitioner.

If you wish to close your profitable company and facilitate an exit, a Members’ Voluntary Liquidation can help you extract profits in a tax-efficient manner. This route is suitable for viable business with a substantial amount of retained profits and the ability to settle debts within 12 months.

The UK Liquidators network of offices spans across the country and in addition to our office in Barnsley, we also have offices in Sheffield, Huddersfield and Leeds. As part of our dedicated service to company directors, we also offer a free consultation to help you establish the options available to your business.