Company Liquidation

Thinking of a Company Liquidation? What Are The Options?

Company Liquidation is the term that describes the process by which a limited company is closed down due to insolvency. In the fourth quarter of 2008, 3000 companies went into Creditors voluntary liquidation which was a 62% rise on the same quarter in 2007. That only reflects part of the story, though, because, at the same time, 2000 companies went into administration. This is a phenomenal rise as a decade before this was a very rarely used procedure, due to the then complexity and costs.

A simplified regime which recognised the need to preserve a business changed all that, and practitioners reacted by changing their fees in line with the new processes. Now an administration procedure which was cumbersome and costly could be used to preserve assets and jobs for everyone.

The company liquidation procedure has followed suit to an extent, in that practitioners now recognise the value of pre-packing their sales, and preserving an asset or jobs, prior to the value being eroded by notice of an impending notice of liquidation.

We have the expertise to set up a new company, find the funding and prepare a binding agreement, all with the consent of a proposed liquidator. The deal will then be approved at the meeting of creditors, by which time the new company will be up and running and earning revenue.

Prices for a basic company liquidation will be far less than you may imagine. In addition, our ability to create finance solutions could help create funds to discharge these fees. In addition, payment arrangements can be considered if assets are purchased, such as payments over a number of months.

Basically we are able and willing to consider all company liquidation schemes that will enable a business and jobs to be saved whilst delivering the maximum value for creditors. So if you have some difficulties, firstly consider what you want to achieve. Secondly decide if it is something that you can do on your own and thirdly give us a call.

If you would like to talk about a company liquidation to a specialist with 17 years corporate insolvency experience then enter your details into the web form below for a no-obligation chat.

However, if you need help with personal debt (rather than business related debt) go to our free debt management plan application form.

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We specialise in the following:

business debt factoring
invoice discounting
business bankruptcy
business finance
company bankruptcy
voluntary arrangement

pre pack administration

voluntary liquidation
business liquidation
wrongful trading
business insolvency
business rescue
business turnaround

pre pack liquidation

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