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Low-Cost Limited Company Insolvency Experts
The Huntingdon office of UK Liquidators provides company liquidation services to company directors looking to close their limited company. Our team of licensed insolvency practitioners are industry specialists with a strong track record of supporting financially distressed businesses. We offer a free consultation to business owners at risk of entering insolvency, recommending solutions to facilitate an exit.
If you have been issued a winding up order, your business will likely be pushed into compulsory liquidation. A winding up petition issued by a creditor will precede the court order. It is vital to seek insolvency support in the first instance of experiencing creditor pressure as failure to pay could result in the deterioration of your company.
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 liquidate your insolvent limited company voluntarily, a Creditors’ Voluntary Liquidation (CVL) can provide a suitable exit route. A CVL is a formal insolvency procedure for financially distressed business which is director-initiated. A licensed insolvency practitioner will be responsible for realising company assets and using the funds to repay creditors. Any remaining debts may be written off and the company will then be removed from the Companies House register.
A Members’ Voluntary Liquidation (MVL) is a formal liquidation procedure for solvent businesses. If you have retained profits of £25,000 or more and you can settle liabilities within 12 months, a Members’ Voluntary Liquidation may be suitable. An MVL can enable you to distribute retained profits to shareholders cost-efficiently. You may also benefit from Business Asset Disposal Relief, formerly Entrepreneurs Relief’, if eligible.
Contact the Huntingdon UK Liquidators office for a free initial consultation and actionable advice on company liquidation procedures.
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At UK Liquidators, our service is fully partner-led and your case will always be overseen by a fully licensed insolvency practitioner.
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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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