Want To Keep Trading?Company Rescue Overview Administration Pre-Pack Administration Company Voluntary Arrangement (CVA) Avoid Compulsory Liquidation Sole Trader/Partnership Support Individual Voluntary Arrangement
Want To Close A Company?Closure Overview Company Dissolution Company Strike Off Liquidation Overview Creditors’ Voluntary Liquidation Members Voluntary Liquidation Redundancy Payments
Why Choose Company Focus?
The best advice – every time
We are always happy to go that extra mile and take ownership of your legal and financial issues.
Our clients come from all types and sizes of business - and all benefit from the same balanced and fair approach.
Our services come without jargon. We are open, honest and helpful.
We lend a friendly ear and provide professional advice on your financial issues.
Bounce Back Loans and Liquidations
Can I liquidate my company if it has taken out a Bounce Back Loan?
In short yes. Businesses may still find trading difficult during or after this turbulent period, even with the extra funds from the loan. Recovery may not be realistic so liquidation and closure is the most suitable course of action.
What happens to the loan in liquidation?
In the event of a company being liquidated, the bounce back loan turns into unsecured debt.
Can I be held liable for an unpaid bounce back loan?
Not usually. In the event of a company being liquidated, any personal guarantees signed by a director means that director remains liable for the debt.
Directors however, generally are not liable for an unpaid bounce back loan when looking to close a company because they usually 100% guaranteed by the Government and not by the director.
For expert advice on the implications of an unpaid bounce back loans when liquidating a limited company, please contact us.
Our Senior Team
Our experience is extensive, so we are able to combine a range of services into one convenient package
- Anthony FisherManaging Director &
- Emma FisherFinancial Director
- Gary BirchallInsolvency Practitioner &
- Wayne MackenzieSupervisory Manager
- Jane HardyInsolvency Practitioner
- Anne LedwithSenior Insolvency
- Kathryn ValentineSenior Insolvency
- Graham CordinerInsolvency Manager
- Jon RuddCorporate Advisor
- Martin JefferyCorporate Advisor