We are licensed company liquidators, experienced in managing company liquidations across many business sectors. We can advise the most appropriate liquidation procedure for your individual business. We will take time to understand your business, so that the most advantageous procedure for liquidating your business is followed. We are based in central London and offer free initial consultations.
Liquidation Specialists – Closing a Company
We are liquidation specialists. If you have reached the regrettable conclusion, that your company’s financial problems are so great, that the only option is to close it down, then before actually doing so, please give us call – we may still 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.
>> more information about liquidating your company
Voluntary and Compulsory Liquidation
Effectively there are three types of liquidation:
- Members’ voluntary liquidation – this process is used for solvent companies and is often used as a method of distributing capital in a tax efficient manner
- Creditors’ voluntary liquidation – the most common type of insolvency, effectively used where a company ceases to trade due to its liabilities being considerably greater than its assets.
- Compulsory liquidation – where a company is wound up through the courts – usually following a winding up petition issued by HMRC or a creditor.
We offer free liquidation advice and are happy to meet with you to discuss your business liquidation. Call us today to speak with one of our licensed liquidators.