Our Plymouth Office - Insolvency Practitioners

The Plymouth office of UK Liquidators forms our wider network of over 100 offices across the country and the South West of England, including Truro and Exeter. Our Plymouth office is supported by an expert team of licensed insolvency practitioners skilled in providing company restructuring and liquidation services. We offer a free consultation to limited company directors looking to close their limited company and explore their options. 

If you have been issued a winding up petition, this is a serious threat against your business which will lead to compulsory liquidation. Creditors are likely to take this route as the last resort if you are unable to arrive at an agreement or settlement. By taking action to recover outstanding funds, a winding up petition is a declaration to the court that your business has run out of cash and is therefore insolvent.

A Creditors’ Voluntary Liquidation (CVL) is a formal insolvency procedure for insolvent businesses. If you are no longer able to meet financial commitments and keep on top of company liabilities, you may decide to voluntarily close your limited company. During a CVL, a licensed insolvency practitioner will be appointed as company liquidator. The liquidator will be responsible for selling company assets to generate funds to repay creditors. Once completed, your business will cease trading and removed from the Companies House register.

A Members’ Voluntary Liquidation (MVL) is a formal liquidation procedure for solvent businesses. As a company director, you may decide to liquidate your viable limited company for several reasons, such as retirement, to focus on alternative interests or because your business has reached the end of its lifetime. An MVL can help you distribute funds to shareholders in an efficient manner.