Our Cannock Office - Insolvency Practitioners

The Cannock office of UK Liquidators is made up of a highly experienced team of business rescue experts and licensed insolvency practitioners specialising in providing tailored advice to company directors in financial distress.

UK Liquidators is UK’s largest provider of company liquidation services with an extensive network of offices across the UK, including in Birmingham, Burton and Stoke-on-Trent. We offer a free consultation to business owners looking to close their limited company due to poor cash flow or to facilitate an exit.

We understand the immediacy of accessing actionable advice in the event of financial distress and facing legal threats from creditors, such as a winding up petition. A winding up petition is a serious attempt taken by creditors to recoup funds, as if successful, this could result in the compulsory liquidation of your company. This is a common approach taken by creditors to wind up your affairs and force you to raise funds to settle outstanding debts. Once company assets are sold to generate returns for creditors, the business will be closed and removed from the Companies House register.

A Creditors’ Voluntary Liquidation (CVL) is a liquidation route voluntarily initiated by the company director and conducted by a licensed insolvency practitioner. If there is no possibility of a successful turnaround, a CVL can help draw a line under your financial situation, satisfy creditors and close the company. During the liquidation process, company assets will be sold to generate funds to repay creditors. Any remaining debts may be written off and the company will then be closed.

If you wish to close a profitable company, a Members’ Voluntary Liquidation (MVL) may likely be an appropriate route for you. An MVL is suitable for solvent and viable businesses and provides a route to extract profits in a tax-efficient manner and distribute to shareholders.