Our Bury St Edmunds Office - Insolvency Practitioners

The Bury St Edmunds office of UK Liquidators is part of our network of offices across the nation, including Cambridge and Colchester in the South East of England. We offer a free consultation to company directors looking to close their limited company.

If your business is on the receiving end of serious creditor pressure, such as a winding up petition, your company may be pushed into company liquidation. We can advise you on the best way forward if you have been issued with a winding up order, forcing your business into closure. This is typically the last resort taken by creditors to recover outstanding funds from the liquidation process.

If you would like to voluntarily close your business, a Creditors’ Voluntary Liquidation (CVL) is a formal insolvency procedure and a common exit route for company directors. During a CVL, we will help you maximise value when raising funds to repay creditors and close your business in a cost-efficient manner.

A Members’ Voluntary Liquidation (MVL) is a formal company closure process for solvent companies. Although liquidation is often associated with insolvent companies, this route is designed for healthy, cash-rich businesses with a substantial amount of retained profits. The MVL process consists of distributing funds in a cost-efficient manner to shareholders, and if eligible, you may be able to access Business Asset Disposal Relief, formerly known as Entrepreneurs’ Relief. If you can settle liabilities within 12 months and your business consists of £25,000 or more in retained earnings, an MVL may be the route forward.

The Bury St Edmunds team of UK Liquidators can offer a free consultation to help you understand the options available to your business.