Durham Company Insolvency Help
The Durham office of UK Liquidators is operated by a team of licensed insolvency practitioners and company restructuring experts. We offer a free consultation to company directors looking to close their company or explore company rescue options if their business is viable.
If your business requires urgent insolvency support to avoid company closure, we can advise you on how to negotiate a payment plan with creditors to provide breathing space. Many companies are forced to close following legal action launched by creditors. If you have received a winding up petition, failure to take immediate action could result in compulsory liquidation.
By voluntarily opting for company liquidation, such as a Creditors’ Voluntary Liquidation (CVL), you can have more control over the liquidation process. During a CVL, a licensed insolvency practitioner will raise funds to settle outstanding affairs with creditors. Any remaining debts will be written off and the company will be closed.
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 wish to wind up a limited company that is solvent, a Members’ Voluntary Liquidation (MVL) is a suitable route that can help distribute funds in a cost-efficient manner. You may also qualify for Business Asset Disposal Relief, formerly known as Entrepreneurs’ Relief.
If you are uncertain as to which route is best for you, we can advise you on your options, including company liquidation, formal restructuring, or commercial finance. We understand that navigating a business in financial distress is challenging, which is why we offer a free consultation to provide easy access to professional support.
In addition to our Durham office, we have nearby offices in Sunderland, Newcastle and Teesside.
