Has time run out for your business?
Do you want to move on to do something else?
Across the country dozens of businesses close every day, so great and fast is the pace of change. This means we are often asked to help just to close down a business, doing the work insolvency practitioners are typically known for.
If your company:
(i) cannot pay all of its debts in full – including employee redundancy costs, which can be considerable
(ii) has assets which can be used to pay for a liquidation
then a creditors’ voluntary liquidation might be the best way for you to close things down.
This is because it’s a quicker and less expensive process than the alternatives. That’s not saying that it’s a particularly cheap process though, because it isn’t – being a formal legal process, there’s a certain amount of work and paperwork we have to do.
If you’d like to discuss your options, including that of liquidation, for closing down your company, give us a call on 01902 672323 and we’d be glad to give you some guidance.