While no two businesses are the same, each having its own set of strengths as well as challenges, there are some issues we find are repeated time and time again which are unique to a certain sector or industry. The construction industry is plagued with a culture of late payments, while the high street retail sector has been hammered by a growing shift towards online shopping.
We appreciate that every sector comes with its own unique pressure points which need to be factored into any proposed recovery or closure process. At UK Liquidators we have a team of over 100 licensed insolvency practitioners, all with their own sector-specific areas of interest and experience. We are able to call upon these specialities as and when required, ensuring you will always be dealing with someone who is both sensitive and familiar with the challenges inherent in the industry you are working within.
The widespread business interruption caused by the coronavirus pandemic has highlighted the differences between various sectors, and the vulnerabilities some have over others. While barely any sector has escaped from the pandemic entirely unscathed, some industries have born more of the brunt than others, with government-enforced periods of closure and curbs on trading activities. The ramifications of the pandemic are set to echo for many years to come as consumer preferences shift and businesses try to make up for lost time.
As the worst-hit sectors look to rebuild, we are here to help directors and shareholders navigate their way through these challenging times. We can assess both the short-term and long-term viability of your business as well as the sector it is operating within, ensuring it has the solid foundations needed to thrive as the world reopens. If you believe your company no longer has a future – perhaps your sector has been too badly affected by the pandemic, or you feel your business has outlived its useful life – we can discuss ways of closing the company in an orderly and fair manner.
If you are considering liquidation for your limited company, taking advice from a licensed insolvency practitioner can help you understand your options.
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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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