Saving your business through liquidation!

//Saving your business through liquidation!
Saving your business through liquidation!2019-05-06T08:38:06+01:00

Do you no longer have proper control of your business?

Do you have something worth saving?

Would you be happier and the business work better, if it were smaller or owned by someone else?

If yes, you could use liquidation as a tool to save the business.  

Here’s what you need to know

  • The ‘company’ and the ‘business’ are not one and the same thing 

It’s the business that generates the sales and profits.  The company is merely the legal ‘shell’ in which the business sits for convenience

  • Reducing a business to a size that’s more controllable can ‘give you your life back’,  and mean you make more money too

Do you control your business or does it control you?  Liquidation can reverse this, even if it does mean returning the business to what it looked like 10, 15, 20 years ago

  • Liquidation kills the company, it doesn’t have to do the same for the business

It’s often necessary to put a company into liquidation to write off debts it can’t pay.  But often unless the business is dealt with beforehand, liquidation will also kill the business.  It’s the failure to identify what’s worth saving and then deal with it prior to the the company going liquidation that gives the liquidation process such a bad name.  

  • It’s essential that any such sale is conducted, and reported, properly

As the company is insolvent, the sale has to be at the right price and on the right terms.  This is not something you can do yourself, you need our help.  The sale could be to you or to someone who’s not connected to the business – someone who can bring greater resources to bear.  If you have an engineering or manufacturing company, we can find a buyer using the reach of our associated company, Asset Disposal Services Limited, an auctioneer of used machinery with a massive database of companies.

  • Many phoenix businesses themselves fail

If you intend to continue on in the business, you’ll need help to make sure it is successful.  We will advise you on how to make it a success.

If you would like to meet with us to explore how liquidation can actually help save your business, why not give us a call now on 01902 672323?