Low-Cost Limited Company Insolvency Experts
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.
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.
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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