Welwyn Garden City Company Insolvency Help
The Welwyn Garden City office of UK Liquidators supports our initiative in establishing a truly nationwide presence. We have a network of offices across the country, with nearby bases in Enfield and Luton. Our team of licensed insolvency practitioners are on hand to provide support to businesses across Welwyn Garden City and we offer a free consultation.
A winding up petition is a form of legal action that can be taken by creditors to force your business into compulsory liquidation. If you fail to repay creditors or negotiate a payment plan, the court will likely issue a winding up order which will lead to the closure of your business. By acting early, you can protect your business from legal action and negotiate a deal with creditors.
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 .
A Creditors’ Voluntary Liquidation (CVL) is a voluntary company liquidation procedure that allows you to generate funds to repay creditors, write off any remaining debts and close your business. A CVL will be managed by a licensed insolvency practitioner who will be responsible for generating and maximising returns for creditors. Your appointed insolvency practitioner will guide you throughout the process and assist you throughout the closure of your business.
If you wish to liquidate a solvent limited company, a Members’ Voluntary Liquidation (MVL) can help you facilitate a cost-efficient exit. Overseen by a licensed insolvency practitioner, the MVL process is suitable for viable businesses with the ability to settle liabilities within 12 months. For the route to be cost-effective, your limited company must have £25,000 in retained earnings.
Contact the UK Liquidators team in Welwyn Garden City to explore your liquidation options.
