Liquidation

Liquidation could be the best solution.

Liquidation Advice

Liquidation.

Close your company.
Save your business.

If your business is insolvent, and you want to limit your liability, then liquidation is the easy solution.

Pre-packed Liquidation

We arrange a number of pre-packed liquidations. The pre-pack sale is where a off market sale of the company’s assets is lined up prior to the start of the liquidation process and then the insolvency practitioner is appointed to conduct the sale. Any such sale must be approved by a professional licensed valuation agent whom we will arrange. If the sale is conducted following the correct legislation, this is a completely above board and legal procedure.

How to Liquidate.

It is a simple three step process, involving three meetings:

  • 1. Directors board meeting
  • 2. Shareholders meeting
  • 3. Creditors meeting

The directors are able to buy the assets of the company from the Liquidator, should they wish to do so, and use the assets to trade a new business.

Your customers/clients do not need to know about the liquidation process but this has to be handled carefully to protect your good will going forward. We help with the whole process from the old company to your new company with a fresh start.


Free Advice

Don't ignore the problems. Start a recovery plan today!

As a Director the law says that it is your responsibility to keep control of the company and to seek professional advice if necessary, if your company continues trading after there is no longer any responsible prospect of avoiding insolvency you could become personally liable for the debts of your Ltd Company. You must never ignore the problems and hope they go away!!If you are in doubt speak to an expert. This is the first and most important step and your best chance of surviving.

Any insolvency procedure will flag up numerous questions, concerns and worries so we believe the best and correct way of dealing with this is an informal meeting with no commitment with one of our experienced consultants so all of your questions can be answered, we find in a lot of cases more than one meeting is required.

Reduce the stress and pressure. To arrange an informal meeting call 01242 807 757 or request a call back.

Call us on 01242 807 757 to speak direct to an experienced consultant, or click free advice to request a callback

Risks for Directors

The Liquidator will undertake a review of the director’s conduct and report any evidence of unfit conduct to the disqualification unit of the government Insolvency Service, and this may lead to a ban from acting as a director in future.

For smaller companies, the chances of action being taken against the directors are limited.

In the current climate when many well managed companies are in financial difficulty due to the economic conditions, the prospect of a ban is low, especially in smaller cases with less than say £100,000 in liabilities.

Call 01242 807 757 to talk through your company's situation and the implications for the directors.

Your Best Option

Why is Liquidation the Best Option for a Small Company that has run out of cash.
It is cheap, easy and fast.

Assets can be acquired at a distressed value, and payment terms can be agreed with the Liquidator.

The Liquidator takes his fees from the asset realisations, unless there are no assets, in which case he will act on a fixed fee payable in advance.

Voluntary Liquidation

Voluntary Liquidation is usually the most realistic option to achieve a business recovery, by buying the assets from the Liquidator, or alternatively undertaking a pre-liquidation asset transfer. While these options may appear underhand, they are commonplace and perfectly legal so long as certain key rules are complied with.

That is why it is important to instruct experienced professionals to deal with what is a sensitive, commercial matter.

Get the right Advice.

The main point is with any insolvency procedure, is that you need a insolvency practitioner (IP) to do it!

They are licensed to look after the creditor's interests and not yours, it’s like asking a lawyer that is suing you to give you advice it’s a complete conflict of interest, so we bridge that gap and we work solely for you and your company and we only work with our handpicked panel of IP’s from a number of small practises up to the bigger firms on the banks panels.


What this means to you is you get the best IP for your particular situation.

We not only find you the best Insolvency Practitioner and guide you through the whole process we can also help you into a new company with new bank facility's and maybe new funding if required we can also help with any personal guarantees that you may have or help achieve the support from your suppliers.


Talk to a professional.

If you would like to discuss a potential Liquidation with an experienced finance professional with the legal knowledge to give you some initial pointers, please call 01242 807 757 or complete the Advice form for a call back.