Expert insolvency advice for UK limited companies
If you have a limited company in the UK and are currently struggling financially, look no further than McAlister & Co for expert business insolvency advice.
If your company is viable, we have a number of business rescue solutions to help recover your business. Whether you want to arrange a deal with your creditors or want to start again without any debt, we will always provide the best turnaround advice.
However, if the worst does happen and you decide to close your limited company in the UK down, rest assured that we also have a proven track record of making corporate liquidations self-funding.
The solutions that McAlister & Co can support limited companies with include:
Company Voluntary Arrangement
Is your company experiencing financial difficulty? Are you looking for a way to carry on trading? If so, a company voluntary arrangement could be the ideal solution for you, enabling your company to continue trading so you can trade out of debt.
A company voluntary arrangement (CVA) can protect your company from legal action, enabling us to negotiate with them and reduce your debt whilst you pay them back out of your future profits. Discover more about company voluntary arrangements here.
Pre-Pack Administration
Are you looking for a way to close down and restart your company without the burden of debt? Then you might want to consider a pre-pack administration. A pre-pack administration is a way to legally wind-up and restart your limited company without the debt.
Your limited company is quickly protected by the court from legal action by creditors, enabling you to minimise the loss of assets and staff jobs so you can start over afresh without your debts. Find out more about the pre-pack administration process here.
Members’ Voluntary Liquidation
Do you need to wind up or dissolve a dormant or solvent company? If so, a members’ voluntary liquidation (MVL) enables you to tie up any loose ends, distribute cash and assets quickly and legally close things down.
A members’ voluntary liquidation is the ideal solution if you are retiring, if your company has run its course or if it is unused – and because it ensures things are dealt with properly, you can ensure there is no future comeback on tax liabilities. Find out if an MVL is right for you here.
Creditors’ Voluntary Liquidation
If your company is at the point of no return and a creditors’ voluntary liquidation (CVL) is the only option available, it’s important to seek help as soon as possible. Pre-liquidation planning can make the liquidation process quicker, easier, and cheaper.
Whether you need planning and support, advice on asset protection, are unsure about your director responsibilities or have questions about redundancy pay, our expert team can help you prepare for liquidation and cope with the costs. Discover more about CVLs here.
Next steps
If your limited company in the UK is experiencing financial difficulty and trading as an insolvent company, McAlister & Co will be able to help.
Our fully qualified insolvency practitioners and dedicated corporate team have over 100 years of combined experience dealing with insolvent companies and will be able to offer you the right solution to your financial problems.
So, whether you’re looking for business recovery and turnaround options, or want to explore procedures to wind up an insolvent company, contact McAlister & Co today or speak to us confidentially on 03338 802 579 for expert advice.
