Sutton Coldfield Company Insolvency Help
The Sutton office of UK Liquidators provides advice to company directors looking to close their limited company. Our licensed insolvency practitioners and company rescue experts offer a free consultation to help determine the right liquidation route.
The most common company closure process is compulsory liquidation due to legal action launched by a creditor in a final attempt to recover monies owed. If a winding up order is granted by the courts, your company will be forced to liquidate. If you receive a winding up petition, speak to one of our licensed insolvency practitioners in Sutton for urgent advice.
If your company is insolvent, seek early advice to enter a voluntary liquidation procedure, such as a Creditors’ Voluntary Liquidation (CVL). By voluntarily liquidating your company, you can enter the process under your own terms. A CVL is a director-initiated process and administered by a licensed insolvency practitioner. During a CVL, the liquidator will set out to raise funds to repay creditors and the company will then 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 close a solvent limited company, a Members’ Voluntary Liquidation (MVL) is often the most cost-efficient route if you have retained profits of £25,000 or more. You may choose the company liquidation path if your company no longer serves a purpose, or to dispose of your business ahead of retirement. You can further reduce your tax liability to 10% if you qualify for Business Asset Disposal Relief (Entrepreneurs Relief).
For company liquidation advice from a licensed insolvency practitioner in Sutton, get in touch with a local expert.
