We are licenced company liquidators, experienced in closing down and liquidating companies across many business sectors. Only licenced insolvency practitioners can act as liquidators.
Our Derby office is located at 19 & 20 St. Christopher’s Way, Derby, DE24 8JY, close to the city centre and easily accessible from the A52. The office is headed by James Everist, one of our Licensed Insolvency Practitioners. You can contact James on 0133 222 0616. The initial consultation, no matter how long that takes, is free. You can either come to us if you feel uncomfortable discussing matters at your own location, or equally we are more than happy to travel to you.
Liquidating a Company
Companies are closed down or liquidated for many reasons and a company liquidation may be either voluntary or compulsory. There is a choice of liquidation processes available and we will advise on the most appropriate for your individual business circumstances.
MVL – Members’ Voluntary Liquidation
MVL is used for closing solvent companies, where the business owner has decided to close down a business. MVL can be a tax efficient way of closing a company.
CVL – Creditors’ Voluntary Liquidation
CVL is used where a company is insolvent i.e. its liabilities are greater than its assets. This is the most common type of insolvency.
Compulsory liquidation is usually the result of a Winding Up Petition being issued by HMRC or another creditor. In this type of company liquidation, the company is wound up through the courts.
If you have reached the conclusion, that your company’s financial problems are so great, that the only option is to close it down, talk to us first as we have a lot of experience working with business owners in your situation. We can look at your business and may be able to help salvage something for you.
In the event that the only option is to liquidate the company, then we will advise you on all of the issues that you need to be aware of, both statutory, regulatory and commercially. Once you formally instruct us to deal with the liquidation of your company, we will deal with every aspect of that process, including dealing with creditors, HMRC, retention of title issues, valuation of assets, realisation of assets and all of the relevant procedures to ensure that the matter is dealt with in the most efficient and cost effective manner. We can also advise you on how best to deal with any personal guarantees that you may have given.