Blackburn Company Insolvency Help
Welcome to the Blackburn office of UK Liquidators, where our team of licensed insolvency practitioners can support you throughout the company liquidation and business turnaround journey. We can advise company directors on how to rescue a business and close a solvent or insolvent company.
If your company is experiencing short-term financial problems, we can support business turnaround by employing a formal restructuring strategy. If your business is insolvent and cannot be rescued, we can advise you on how to voluntarily close your insolvent company.
A Creditors’ Voluntary Liquidation (CVL) is a voluntary company liquidation procedure that can help settle outstanding affairs with creditors and bring company affairs to a close. If you are falling behind on payments and experiencing creditor pressure, you may run the risk of facing legal action from creditors.
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 .
A common company liquidation procedure is compulsory liquidation. If a creditor fails to recover funds owed, they may take this route to forcibly close your company. If a winding up order is granted by the courts following a winding up petition launched by a creditor, your company will be forced into compulsory liquidation.
To close a solvent company, a Members’ Voluntary Liquidation (MVL) is a suitable route that can help distribute retained profits in a cost-efficient manner. You may also be able to take advantage of Business Asset Disposal Relief, formerly Entrepreneurs’ Relief.
We offer a free consultation to company directors looking to close their insolvent or solvent company.
