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Welcome to the Finchley office of UK Liquidators which is a support hub for company directors across North London looking to close or rescue a company. If your business is in financial distress, or you wish to liquidate a profitable entity, we can offer a free consultation to business owners to discuss solvent and insolvent liquidation options.
If your company is viable, we will act fast to facilitate rescue through formal restructuring or commercial finance. Many companies often face compulsory liquidation as a result of a winding up petition launched by a creditor. If you have received a winding up petition, speak to a licensed insolvency practitioner immediately to discuss your options.
The two main types of voluntary company liquidation include a Creditors’ Voluntary Liquidation (CVL) for insolvent companies and a Members’ Voluntary Liquidation (MVL) for solvent companies.
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 are experiencing serious cash flow problems and creditor pressure, you may decide to close your insolvent company through a CVL. During a CVL, a licensed insolvency practitioner will liquidate assets to raise funds for creditors. Any remaining debts will be written off and your company will be formally closed.
A Members’ Voluntary Liquidation (MVL) is a beneficial route to bring a profitable business to an end in a cost-efficient manner. There are many reasons why you may decide to take this route, to simply release funds, prepare for retirement or because your business has reached a natural end. You may also qualify for a lower rate of Capital Gains Tax through Business Asset Disposal Relief.
Speak to a licensed insolvency practitioner at our Finchley office to discuss fast liquidations and practical company rescue.
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