Low-Cost Limited Company Insolvency Experts
Our Cleckheaton office provides actionable advice to company directors tackling debt problems and facing pressure from creditors. The UK Liquidators team comprises insolvency practitioners and business restructuring professionals who will assess your business to check if it can be rescued. If your business can no longer be recovered as it is out of cash and has no means to survive, we can help explore the company liquidation options available to you.
You can arrange a free consultation with a member of the Cleckheaton UK Liquidators team at a time and location which suits you. We strive to advise you on how to tackle your issues head-on and provide the necessary guidance to satisfy creditors and bring company affairs to a close if your financial health cannot be recovered. Seeking a voluntary liquidation can help beat the clock against compulsory liquidation which is a common route taken by creditors to recoup outstanding funds.
A Creditors’ Voluntary Liquidation (CVL) is a formal insolvency procedure initiated by the company director(s) and administered by a licensed insolvency practitioner. If you no longer have the funds to keep up with essential payments and your business has limited asset value, a CVL can help you make a cost-efficient exit. This route consists of generating returns for creditors which may result in remaining debts to be written off. The company will then be closed and removed from the Companies House register.
Worried about your Bounce Back Loan?
If you are a limited company director worried about how you are going to repay your Bounce Back Loan, we are here to help. As licensed insolvency practitioners we can talk you through your options when it comes to repaying your outstanding Bounce Back Loan, as well as handling all negotiations with creditors on your behalf. Call our team today on 0800 063 9262 .
If you operate a profitable company and wish to cease trading, a Members’ Voluntary Liquidation can help you extract profits in a tax-efficient manner and close shop. This route is available for viable businesses which can settle outstanding debts within 12 months.
In addition to the UK Liquidators Cleckheaton office, we have a vast network of offices across the country, including Bradford, Leeds and Huddersfield.
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If you are considering liquidation for your company, taking expert advice at an early stage is crucial. At UK Liquidators, our team of licensed insolvency practitioners are committed to providing limited company directors with the help and advice they need to make an informed decision.
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