Low-Cost Limited Company Insolvency Experts
The Walsall office of UK Liquidators is part of our extensive network of over 100 offices across the UK, including Birmingham, Wolverhampton and Burton. As part of our service, we offer a free consultation to company directors in financial distress. The UK Liquidators team of licensed insolvency practitioners and business rescue experts are on hand to assess the financial health of your business and recommend the best way forward.
If your company can be rescued, a restructuring solution may help your business back on track. If your company is out of cash and holds limited asset value, seeking a liquidation route voluntarily can give you greater control over the timescale of the closure process. The Walsall UK Liquidators team can help you put an end to creditor pressure and close your business through a Creditors’ Voluntary Liquidation.
Failure to act fast could result in debts to accumulate rapidly, forcing creditors to launch a winding up petition against your company. If successful, your company may be pushed into compulsory liquidation. After exhausting each avenue, creditors may attempt to recover debts by launching legal action against your company. If you are unable to make repayment imminently or arrive at a payment agreement, your business will consequently face closure.
If your business is healthy and you wish to cease trading, a Members’ Voluntary Liquidation can help you extract and distribute funds to shareholders in a tax-efficient manner. If your company is viable and can settle outstanding debts within 12 months, this route may be suitable for you. A licensed insolvency practitioner will conduct the liquidation process and ensure that all company affairs are settled before closing the business.
The Walsall UK Liquidators team will explore a range of company liquidation and restructuring solutions, guiding you throughout each stage of the process.
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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