Buxton Company Insolvency Help
The UK Liquidators office in Buxton situated near the Peak District is part of our wider network of offices across the East Midlands region. Our Buxton office is operated by a highly experienced team of licensed insolvency practitioners and company rescue specialists. We offer a free consultation to company directors looking to close their limited company and can advise on solvent and insolvent liquidation options.
If your company can be rescued, our insolvency practitioners will strive to maximise your chances of recovery. It is common for financially distressed companies to be forced into liquidation following a winding up petition launched by creditors. If you have received a winding up petition, speak to an insolvency expert at our Buxton office to plan your next steps.
You may decide to voluntarily liquidate your insolvent limited company to put an end to creditor pressure and eliminate the risk of facing legal action. A Creditors’ Voluntary Liquidation (CVL) is a formal insolvency procedure used to voluntarily liquidate an insolvent company under the guidance of a licensed insolvency practitioner.
During a CVL, your appointed liquidator will raise funds to pay creditors and any remaining debts will be written off. Your company will then be closed and removed from the Companies House register.
If you wish to close a solvent limited company, a Members’ Voluntary Liquidation (MVL) is a formal insolvency procedure suitable for cash rich businesses. If you have £25,000 or more in retained profits, an MVL can enable you to distribute funds in a cost-efficient manner.
