Our Harrogate Office - Insolvency Practitioners Low-Cost Limited Company Insolvency Experts

Welcome to the Harrogate office of UK Liquidators, operated by a renowned team of licensed insolvency practitioners, company liquidation and restructuring specialists. We offer a free consultation to company directors across Harrogate to help determine the most efficient route through which to close a limited company.  

If your company is in serious debt and cannot afford to make repayments, creditors may launch legal action against your company to recover funds owed. If you receive a winding up petition, your company may be placed into compulsory liquidation which is the most common company liquidation procedure.

To voluntarily close your limited company, you may enter a Creditors’ Voluntary Liquidation (CVL). A CVL is a formal insolvency procedure administered by a licensed insolvency practitioner and consists of raising funds to settle creditor debts. The company will subsequently be closed and removed from the Companies House register. As a company director, you must act in the best interests of creditors and seek professional support if you believe that your business is insolvent.

If you wish to voluntarily close a solvent limited company, enter a Members’ Voluntary Liquidation (MVL) under the guidance of a licensed insolvency practitioner. During the MVL process, all remaining profits will be extracted and cost-effectively distributed to shareholders. You may also be able to reduce your tax liability to 10% if you are eligible for Business Asset Disposal Relief (Entrepreneurs Relief).

Speak to a local licensed insolvency practitioner in Harrogate to establish the right liquidation route for your company. We also have nearby offices in York, Leeds and Scarborough.