Canterbury Company Insolvency Help
Welcome to the Canterbury office of UK Liquidators, operated by a highly experienced team of licensed insolvency practitioners and company rescue professionals. We offer a free consultation to company directors looking to ascertain if company closure, restructuring or rescue is the right route for their business.
If you owe money to creditors, and the debt remains outstanding following several attempts to recover funds, a winding up petition may be issued against your business. If you receive a winding up petition, your business could be forced into liquidation if you fail to seek insolvency advice, also known as compulsory liquidation.
To voluntarily close your insolvent limited company, enter a Creditors’ Voluntary Liquidation (CVL) under the guidance of a licensed insolvency practitioner. During a CVL, your appointed liquidator will liquidate assets to raise funds for creditors. Any remaining debts will be written off and the company will be closed and removed from the Companies House register.
A Members’ Voluntary Liquidation (MVL) is a suitable company closure route for solvent companies with £25,000 or more in retained profits. The business must be cash-rich for a Members’ Voluntary Liquidation to be cost-efficient, and you may also be able to claim Business Asset Disposal Relief, formerly known as Entrepreneurs’ Relief. We will advise you on the tax implications of this process and how to maximise returns.
For insolvency support from a local expert, get in touch with the UK Liquidators Canterbury office. We also have more offices near Canterbury, such as Ashford, Medway and Southend.
