Low-Cost Limited Company Insolvency Experts
The Tunbridge Wells office of UK Liquidators is operated by licensed insolvency practitioners and business recovery professionals with first-hand knowledge of how best to close a company, including both solvent and insolvent options.
If you owe money to creditors, your business could face serious legal action which could result in your business being forcibly closed. A disgruntled creditor may petition to wind up your company as a final attempt to recover funds. If a winding up order is granted by the courts, compulsory liquidation will follow. If you receive a winding up petition, speak to our insolvency practitioners in Tunbridge Wells urgently.
By liquidating your company voluntarily, you can have more control over the closure process. A Creditors’ Voluntary Liquidation (CVL) is a formal liquidation procedure for insolvent companies, initiated by the company director(s) and handled by a licensed insolvency practitioner. During a CVL, the liquidator will raise funds to repay creditors, which will subsequently lead to the closure of your business.
Our Tunbridge Wells office also provides Members’ Voluntary Liquidation (MVL) services to company directors looking to close a solvent company. An MVL is often the most cost-efficient route to close a business with £25,000 or more in retained profits. You may also be able to lower your tax liability to 10% if you qualify for Business Asset Disposal Relief, previously titled Entrepreneurs Relief.
For more information on what liquidation route is right for your business, arrange a FREE consultation with a liquidation expert at the Tunbridge Wells office of UK Liquidators.
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.
Complete the below to get in touch