Company Liquidation
Liquidate Your Company – At No Cost To You
You may qualify for directors redundancy payments which can cover all fees and leave some money left over.
3 Ways To Close Your Company
It is usually better to close your business voluntarily before being forced to do so by creditors.
Dissolution
If your company is solvent with assets of less than £25,000 then Company Dissolution is usually suitable and typically costs a few hundreds pounds.
Members Voluntary Liquidation (MVL)
Is your company is solvent with assets over £25,000? Then a MVL is probably best. The MVL can provide entrepreneur’s relief which means it can be more tax efficient than a Dissolution.
Creditors Voluntary Liquidation (CVL)
If your company has debts and is not viable then a CVL is likely to be the best way to close it down. During liquidation the company’s assets are sold and used to pay off creditors.
Redundancy Payout Checker
I was going through a difficult period. To discover I was entitled to over £14,000 redundancy, tax free, changed everything.
*payout depends upon the typical pay for your role, years as a director and your age.
Talk To The Experts
Whether you have chosen to close your company and wind-up its affairs or you have creditors threatening to take action against it, we can provide guidance and reassurance on the best way forward.
Kathryn Valentine - Senior Insolvency Administrator
Advantages Of Voluntary Liquidation
Keep more control - close your company on your terms
Gives directors a clean break
Allows you to close a potentially insolvent company with no further liability (unless debts have been personally guaranteed).
Quick and cost effective
Can be funded using company assets such as cash at bank, sale of assets, book debts etc.
Your duties as a director
It shows creditors you have done the right thing by taking professional advice and can steer you away from the implications of wrongful trading.
Claim redundancy payments
Employees and potentially directors can make a claim from the National Insurance Fund and receive payments for outstanding wages, holiday pay, pay in lieu of notice and redundancy.
Speak To Us About
Company Liquidation
Learn about the payments you may be entitled to today
