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 Basildon office of UK Liquidators supports company directors looking to close their limited company. Our licensed insolvency practitioners are on hand to guide you throughout the company closure process, both insolvent and solvent.
If you can’t pay creditors as your business is insolvent, they may petition to wind up your company. If you receive a winding up petition, speak to one of our Basildon insolvency practitioners urgently. If you fail to act, your business could be forced to liquidate, also known as compulsory liquidation.
If your business is out of cash, voluntarily liquidate your business to put an end to creditor pressure and settle company debts. A Creditors’ Voluntary Liquidation (CVL) is a formal insolvency procedure for insolvent businesses and must be entered into under the direction of a licensed insolvency practitioner. During a CVL, the liquidator will set out to generate returns for creditors, after which your company will be closed.
Our liquidation specialists can also support company directors throughout a solvent liquidation in the form of a Members’ Voluntary Liquidation (MVL). An MVL is suitable for businesses with retained profits of £25,000 or more for it to be cost-effective. Distributions will be treated as capital, rather than income and therefore subject to capital gains tax, rather than income tax. You may be able to further lower your tax liability to 10% if you qualify for Business Asset Disposal Relief (Entrepreneurs Relief).
Contact the Basildon office of UK Liquidators for confidential advice on how to close your company and to arrange a free consultation. We also have nearby offices in Southend, Medway and Dartford.
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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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