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Insolvency Practitioners & Company Liquidation

 

Knowing who you can trust when your business is struggling can be challenging to say the least. You know that you need professional advice, but who do you turn to when times get tough? You should certainly be taking time to make sure that the firm you seek advice from is one with plenty of experience in handling business debt problems and is capable of producing results that you will be happy with.

 

A licensed insolvency practitioner is an essential part of any formal insolvency solution and engaging one that has a wealth of knowledge and experience in dealing with complex business debt situations is extremely beneficial to any business that is struggling with company insolvency. Insolvency practitioners are duty bound to work in the interests of the creditors, so you can engage the insolvency practitioner and appoint them as liquidator as soon as you affairs are in order and you are happy to proceed. By engaging our services you will get access to some of the UK’s very best insolvency practitioners.

 

We are here to help protect you throughout the processes of company insolvency by applying educated advice and solutions to help reduce the fears and worry that you may have associated with this process. Closing a limited company can be one of the most difficult decisions that you will have to make in business and we understand the level of stress that can be associated with it, so we aim to take as much of that pressure away from you as we can. If you want real help and advice that you can trust then don’t hesitate to contact us as soon as you can to start finding out what options are available to you.

Company Rescue Tool
  • Total Debt*Estimated Amount of Debt
    None
    Under £10K
    £10K - £50K
    £50K - £100K
    £100K +
    Im Not Sure

    0

  • Your Goal*Desired Outcome

    1

  • Company*Company Name

    2

  • Name*Your Name

    3

  • Phone*Contact Number

    4

  • Email*Your Email Address

    5

  • 6

 

 

Start Taking Control of Your Business Debts Before They Take Control of You!

 

 

Why stick your head in the sand any longer? Make a change and take action. Many directors have benefitted from our services but you must take that first step. Get in touch to see how we can help you address your business debt problems now.

 

Get Started

 

Company Rescue Tool
  • Total Debt*Estimated Amount of Debt
    None
    Under £10K
    £10K - £50K
    £50K - £100K
    £100K +
    Im Not Sure

    0

  • Your Goal*Desired Outcome

    1

  • Company*Company Name

    2

  • Name*Your Name

    3

  • Phone*Contact Number

    4

  • Email*Your Email Address

    5

  • 6

What We Offer

 

  • Start addressing your business debts today!

    How long have you been thinking about getting the situation sorted? A day? A week? A month? Let us help you get your business debt problems addressed, so you can start to get on with your life.

  • Professional advice and support that you can trust!

    We provide some of the very best insolvency advice and support available within the UK for directors to help get their business insolvency situations fully addressed and resolved.

  • Close your insolvent company quickly and safely!

    A creditors’ voluntary liquidation will address your business debts fully, whilst bringing a swift resolution to the state of your insolvent company and may also bring a return for creditors.

  • Protect you interests!

    We specialise in protecting you and your assets and you can put faith in us handling your situation with care and keen attention to detail in order to maximise your protection.

  •  

     

 

Take Control of Your Business Debts

 

We will help remove the stress that may be hindering you and we will set out a plan to get you and/or your business back on track with our specialist UK business advisors, who have a wealth of experience and knowledge when addressing business debt problems. Pick up the phone, or send us an email to see how we can help you today.

Get Started

 

Testimonials

 

SEE WHAT OUR CLIENTS SAY!

" We had problems with HMRC and a major creditor threatening to take legal action against the company. We contacted you guys and you have helped guide us through the situation and finally resolve the matter…. Great help and advice and support. Helped my sleep to no end!!!!!! "

Julian R, Technical Architect

" After several years of recession we fell behind with our VAT payments, the Business Debt Centre negotiated with HMRC on our behalf and aided in a full restructure of our business. THANK YOU!. "

Jack E, Tattoo artist

What is Company Insolvency?

You can find out what company insolvency is very simply by answering the following two questions:

 

  1. Can you pay your bills when due?
  2. Do your assets outweigh your debts?

 

 

 

 

If you answered “No” to one, or both of the above questions then you are likely insolvent. If the same can be applied to your limited company, then you are likely being faced with the situation of company insolvency. This should not be something that you fear or avoid as there is even more emphasis on your duties as a director at this stage, when managing an insolvent limited company.

Company Insolvency Advice

Get some of the best insolvency advice for your business. We have over three decades of experience in helping UK businesses and we put you first, so what have you got to lose?

 

Getting the right insolvency advice can seem easy as there is so much choice, so who do you trust to help you with your situation? Our consultants are very approachable and it will not cost you a penny to find out what your options are. There is no obligation to proceed with anything we advise you on and we will provide you with a free report to take away and read so that you can make a more informed decision based on the circumstances.

 

We have helped many directors and business owners with situations of business insolvency and challenging debt situations, so pick up the phone and talk to us today to get free company insolvency advice and start finding out how to resolve your situation.

Insolvency Practitioners

Licensed insolvency practitioners are essential to any formal insolvency process and without them many solutions such as a company voluntary arrangement, or a creditors’ voluntary liquidation would not be possible.

 

By engaging our services you will get access to some of the very best insolvency practitioners within the UK and you will benefit from a more holistic service. Your creditors are taken care of by the insolvency practitioner who is duty bound to work in the best interests of your company’s creditors. We will guide you throughout the insolvency process, making sure that you are as protected as is possible and well placed advice and solutions are given to help set your mind at ease, away from any stress that may have previously affected you.

 

If you are enquiring about insolvency and how to address business debts then you are certainly in the right place. We can address the source of the problem and implement a well-placed formal insolvency process by using fully licensed insolvency practitioners, where necessary.

Liquidators

What is a liquidator? What do they do? How can they help? Why do I need a liquidator?

 

The above questions are ones that are often asked when searching the internet to find out how a liquidator is applicable in situations of personal & business insolvency. A Liquidator is essentially an insolvency practitioner that has been engaged and appointed as a liquidator to put a limited company into liquidation. A liquidators’ job mainly involves looking after the creditors’ interests. Sometimes an Official Receiver can be put in place of an insolvency practitioner to deal with liquidation, but this is usually compulsory liquidation, where the limited company has been forced into liquidation by a creditor.

 

A liquidator can help in situations where there is a need to enter the formal insolvency process of liquidation. Directors often contact an insolvency practitioner directly after speaking with their accountant with the intention of engaging the liquidator immediately, often not knowing that once engaged, the liquidator is acting for the creditors. For this reason, it can be wise to get your affairs in order first before engaging the insolvency practitioner as a liquidator in order to make sure that any personal guarantees or other personal risks are addressed fully, beforehand. This is something that we can help you with and the advice you get from us will always have your interests at its core.

Company Liquidation

If you have tried every avenue that you can think of and the business is still falling short then it may be time to consider company liquidation. Closing a business can be the hardest decision that a director has to make. Your hard work and efforts may not be in vain however as there are options that you can select to help save parts of your business and this is commonly referred to as a phoenix as explained on our business rescue page.

 

What is the difference between compulsory liquidation and voluntary liquidation. This sounds simple and it is really, however, it is useful to know the difference between the types of company liquidation before making a decision. There are two types of voluntary liquidation.

 

The first type of voluntary liquidation is a creditors’ voluntary liquidation which is meant for insolvent limited companies wishing to address business debts that may be too much to handle otherwise. This type of company liquidation can help directors who are faced with large bills that the limited company has no way of paying.

 

The second type of voluntary liquidation is a members’ voluntary liquidation and this is quite different as it is intended for solvent companies that do not have debts, but the shareholders wish to extract cash and assets from the company; usually the directors and shareholders are looking to retire.

 

Compulsory liquidation, as it sounds, is a forced liquidation. Usually, a creditor applies for a winding up petition to forcefully close the business down. You can read more about this on our winding up page.

HMRC Debt Help

Does your limited company have HMRC debts for VAT, Corporation Tax, or PAYE? Clearly you should always be paying your tax bills, this is a given and you will know this. However, if things have got to a point where your company has accrued tax debts to HMRC then you will need to seek professional advice as soon as possible. HMRC won’t waste time in collecting money owed so you shouldn’t waste any time addressing the problem.

 

We help directors all over the UK every day with business debt problems and HMRC are by far the most common creditor. If you have decided that the HMRC debts are too much for your limited company to handle in its current state and you are looking for answers then you are in the right place as we can advise on how to best address the business debts. Our first route will always be to save the business where possible and it could be possible that your company is viable if certain elements were addressed. There are rescue solutions on our business rescue page that you can consider before calling which we will be happy to talk through fully.

What is Company Insolvency?

You can find out what company insolvency is very simply by answering the following two questions:

 

  1. Can you pay your bills when due?
  2. Do your assets outweigh your debts?

 

 

 

 

If you answered “No” to one, or both of the above questions then you are likely insolvent. If the same can be applied to your limited company, then you are likely being faced with the situation of company insolvency. This should not be something that you fear or avoid as there is even more emphasis on your duties as a director at this stage, when managing an insolvent limited company.

Company Insolvency Advice

Get some of the best insolvency advice for your business. We have over three decades of experience in helping UK businesses and we put you first, so what have you got to lose?

 

Getting the right insolvency advice can seem easy as there is so much choice, so who do you trust to help you with your situation? Our consultants are very approachable and it will not cost you a penny to find out what your options are. There is no obligation to proceed with anything we advise you on and we will provide you with a free report to take away and read so that you can make a more informed decision based on the circumstances.

 

We have helped many directors and business owners with situations of business insolvency and challenging debt situations, so pick up the phone and talk to us today to get free company insolvency advice and start finding out how to resolve your situation.

Insolvency Practitioners

Licensed insolvency practitioners are essential to any formal insolvency process and without them many solutions such as a company voluntary arrangement, or a creditors’ voluntary liquidation would not be possible.

 

By engaging our services you will get access to some of the very best insolvency practitioners within the UK and you will benefit from a more holistic service. Your creditors are taken care of by the insolvency practitioner who is duty bound to work in the best interests of your company’s creditors. We will guide you throughout the insolvency process, making sure that you are as protected as is possible and well placed advice and solutions are given to help set your mind at ease, away from any stress that may have previously affected you.

 

If you are enquiring about insolvency and how to address business debts then you are certainly in the right place. We can address the source of the problem and implement a well-placed formal insolvency process by using fully licensed insolvency practitioners, where necessary.

Liquidators

What is a liquidator? What do they do? How can they help? Why do I need a liquidator?

 

The above questions are ones that are often asked when searching the internet to find out how a liquidator is applicable in situations of personal & business insolvency. A Liquidator is essentially an insolvency practitioner that has been engaged and appointed as a liquidator to put a limited company into liquidation. A liquidators’ job mainly involves looking after the creditors’ interests. Sometimes an Official Receiver can be put in place of an insolvency practitioner to deal with liquidation, but this is usually compulsory liquidation, where the limited company has been forced into liquidation by a creditor.

 

A liquidator can help in situations where there is a need to enter the formal insolvency process of liquidation. Directors often contact an insolvency practitioner directly after speaking with their accountant with the intention of engaging the liquidator immediately, often not knowing that once engaged, the liquidator is acting for the creditors. For this reason, it can be wise to get your affairs in order first before engaging the insolvency practitioner as a liquidator in order to make sure that any personal guarantees or other personal risks are addressed fully, beforehand. This is something that we can help you with and the advice you get from us will always have your interests at its core.

Company Liquidation

If you have tried every avenue that you can think of and the business is still falling short then it may be time to consider company liquidation. Closing a business can be the hardest decision that a director has to make. Your hard work and efforts may not be in vain however as there are options that you can select to help save parts of your business and this is commonly referred to as a phoenix as explained on our business rescue page.

 

What is the difference between compulsory liquidation and voluntary liquidation. This sounds simple and it is really, however, it is useful to know the difference between the types of company liquidation before making a decision. There are two types of voluntary liquidation.

 

The first type of voluntary liquidation is a creditors’ voluntary liquidation which is meant for insolvent limited companies wishing to address business debts that may be too much to handle otherwise. This type of company liquidation can help directors who are faced with large bills that the limited company has no way of paying.

 

The second type of voluntary liquidation is a members’ voluntary liquidation and this is quite different as it is intended for solvent companies that do not have debts, but the shareholders wish to extract cash and assets from the company; usually the directors and shareholders are looking to retire.

 

Compulsory liquidation, as it sounds, is a forced liquidation. Usually, a creditor applies for a winding up petition to forcefully close the business down. You can read more about this on our winding up page.

HMRC Debt Help

Does your limited company have HMRC debts for VAT, Corporation Tax, or PAYE? Clearly you should always be paying your tax bills, this is a given and you will know this. However, if things have got to a point where your company has accrued tax debts to HMRC then you will need to seek professional advice as soon as possible. HMRC won’t waste time in collecting money owed so you shouldn’t waste any time addressing the problem.

 

We help directors all over the UK every day with business debt problems and HMRC are by far the most common creditor. If you have decided that the HMRC debts are too much for your limited company to handle in its current state and you are looking for answers then you are in the right place as we can advise on how to best address the business debts. Our first route will always be to save the business where possible and it could be possible that your company is viable if certain elements were addressed. There are rescue solutions on our business rescue page that you can consider before calling which we will be happy to talk through fully.

FAQs

How do I know that My Company is Insolvent?

You can tell if your limited company is insolvent by answering two questions:

 

  1. Can the company pay its bills when due?
  2. Does the value of the company’s assets outweigh the debts?

 

 

 

 

If you answered “no” to one, or both of the above questions then your company is likely insolvent.

 

If you discover that your company is in fact insolvent, don’t panic. The important thing to do is to get professional counsel as soon as you can so that you are well-informed and prepared on what to do after absorbing what your options are.

What is the Difference between Compulsory & Voluntary Liquidation?

The difference is simple. Compulsory liquidation is usually where a creditor has applied a winding up petition against your limited company and is trying to forcefully close the business down.

 

Voluntary liquidation is where the directors and shareholders wilfully initiate the closure of the limited company; usually through the use of a members’ voluntary liquidation or a creditors’ voluntary liquidation, dependent on whether the company is solvent, or not. You can read more about the types of liquidation further up this page.

 

How Long Does a Voluntary Liquidation Take to Process?

Directors often believe that a voluntary liquidation takes far longer than it actually does in reality, however, a lot depends on how quickly the necessary information is gathered. Once the relevant information on the situation is correctly gathered and all creditors are informed, the process can be completed within a matter of weeks. There is a brief meeting held, usually in a geographically relevant area and shortly after that the company is put into liquidation and the process is complete. We would be guiding and advising you throughout this period and making sure that the experience is as stress-free as possible.

 

If you have any questions about voluntary liquidation please get in touch to see how we can help you and your company.

How Much Do You Charge for Insolvency Advice?

Not a penny. Our business debt advice is completely free of charge. A large percentage of our business is pro bono as we often have to advise directors and business owners on how to resolve matters that may appear complex until a well-experienced third party is contacted. We are happy to help wherever we can and if you decide that you need someone to help address the business debts with a relevant solution then we will be happy to help you with this, also. You can get your options on the first call to us, so at the very least you will have a direction and clarity after just the first call.

Why Should I Contact You for Company Liquidation?

We have a combined 80 plus years of business experience to tap into and we work hard to make sure that our clients have fully transparency when assessing their situation, with no hidden agenda so you can trust the advice that we provide. Our main focus is protecting your interest to provide a more holistic service than some of our competitors. The creditors are addressed fully by the insolvency practitioners; you are advised and guided by ourselves to make you feel more comfortable about the situation and help you make more informed decisions that may previously have been difficult for you and created a degree of stress.

 

 

Company Rescue Tool
  • Total Debt*Estimated Amount of Debt
    None
    Under £10K
    £10K - £50K
    £50K - £100K
    £100K +
    Im Not Sure

    0

  • Your Goal*Desired Outcome

    1

  • Company*Company Name

    2

  • Name*Your Name

    3

  • Phone*Contact Number

    4

  • Email*Your Email Address

    5

  • 6

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