Our Chatham Office - Insolvency Practitioners

Welcome to the Chatham office of UK Liquidators. Our team of company liquidation experts and licensed insolvency practitioners support limited company directors with company closure options. We offer a free, confidential consultation with a company liquidation specialist at UK Liquidators.

If your company is insolvent and therefore, can't afford to pay creditors, you run the risk of a winding up petition. A winding up petition is often the last resort taken by creditors if they suspect that your company is insolvent. If successful, your company will be forced to close - this is known as compulsory liquidation.

To voluntarily liquidate an insolvent limited company, seek a Creditors' Voluntary Liquidation (CVL) under the guidance of a licensed insolvency practitioner. During a CVL, the insolvency practitioner will set out to maximise payments to creditors, any remainder will be written off and the company will be closed.

To close a solvent limited company, a Members' Voluntary Liquidation (MVL) is a suitable procedure that allows funds to be distributed tax efficiently as these will be subject to Capital Gains Tax, rather than Income Tax. You may be able to reduce your tax liability further if you qualify for Business Asset Disposal Relief, formerly Entrepreneurs' Relief.

For more information on the company closure options available, get in touch to arrange a free consultation. In addition to our Chatham office in Southeast England, we have offices in Medway, Dartford and Tunbridge Wells.