Truro Company Insolvency Help
Welcome to our UK Liquidators Truro office where we have a highly experienced team of licensed insolvency practitioners on hand to offer urgent advice to company directors in financial distress. Our Truro office makes up our network of offices across the UK, giving us a strong access point to cater to struggling businesses across Cornwall. We can offer a free initial consultation to company directors interested in exploring company liquidation options.
If you are running out of cash and falling behind with creditor payments, your business may be experiencing creditor pressure, payment demands and subject to legal action, such as a Winding Up Petition.
If your company is likely to face compulsory liquidation, company directors can pre-empt this by voluntarily closing the business through a Creditors’ Voluntary Liquidation (CVL) which can give you greater control and freedom. A CVL is a common company closure route voluntarily taken by insolvent companies. This director-initiated procedure consists of realising company assets and distributing the returns to repay creditors. Any remaining debts may be written off and the company will then be dissolved and removed from the Companies House register.
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 your business is solvent and has retained profit of substantial value, you may seek the services of a licensed insolvency practitioner to advise you on the Members’ Voluntary Liquidation route (MVL). This consists of distributing the value of company assets and profits to shareholders in a tax-efficient manner, eventually resulting in the closure of your company.
We can provide insolvency and liquidation advice and assist you in the closure of your company, regardless of whether it is solvent or insolvent. Get in contact with an expert advisor at UK Liquidators Truro to claim your free initial consultation or to arrange a physical or virtual meeting to explore the options available to you.
