Shaun Barton
Partner
"The first phone call is always the hardest. My job is to make sure that from the moment a director gets in touch, they feel listened to, informed, and supported."
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The UK Liquidators office in Barnstaple supports company directors searching for advice on how to best close a limited company to maximise returns and protect creditor interests. Our licensed insolvency practitioners in Barnstaple can advise you on company liquidation options for both solvent and insolvent companies, and formal restructuring solutions if your business can be rescued.
If you are experiencing cash flow problems and can no longer afford to pay creditors, your business may be at serious risk of facing legal action. If creditors fail to recover funds owed, they may issue a winding up petition to force your business into compulsory liquidation. If you have received a winding up petition, seek immediate advice to voluntarily enter liquidation on your own terms.
A Creditors’ Voluntary Liquidation, also known as a CVL, is a formal insolvency procedure used to voluntarily liquidate an insolvent company under the guidance of a licensed insolvency practitioner. During a CVL, assets will be liquidated to raise funds for creditors and any remaining debts will be written off. Your company will then be closed and removed from the Companies House register.
A Members’ Voluntary Liquidation (MVL) is a formal insolvency procedure used to close a solvent limited company that is cash-rich. For this route to be cost-efficient, your business should typically have £25,000 or more in retained profits. You may also qualify for Business Asset Disposal Relief, formerly Entrepreneurs’ Relief.
Our licensed insolvency practitioners in Barnstaple offer a free consultation and can help you make an informed decision about the closure of your company.
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Liquidation can feel overwhelming. Our team have helped over 25,000 directors through the process, and they’re here to guide you every step of the way.
Partner
"The first phone call is always the hardest. My job is to make sure that from the moment a director gets in touch, they feel listened to, informed, and supported."
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Partner
"Directors often wait too long before seeking advice. The earlier you call, the more options remain available to you — and the better the outcome for everyone involved."
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Licensed Insolvency Practitioner
"Whether it's HMRC pressure, creditor demands, or simply not knowing where to turn, I work with directors to find the best way through, step by step."
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Licensed Insolvency Practitioner
"Directors often feel like they've run out of options. My job is to show them that's rarely the case, and that taking control of the situation now is always better than waiting."
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