Need advice on closing a company, Liquidation or Business debt?
Whether you’re looking to close a company, clear the decks and start again. Close a business that’s run its course or rescue a business with a viable future, seeking advice early will maximise your options and provide much-needed peace of mind.
For company directors, there are a number of formal, legal ways to help you achieve the outcome you desire. Which option suits you will depend on your circumstances and what you are looking to achieve.
let’s take a quick look at the options…
Pre-Pack Administration – Close down and restart a company. This allows the Directors to purchase the goodwill and assets of the company to restart.
Creditors Voluntary Arrangement (CVA) – Allows you to ring fence a struggling business whilst a solution is found. Repay creditors out of future profit.
Creditors Voluntary Liquidation (CVL) – The company is insolvent, you want to close the door and walk away. Creditors dealt with, leases canceled, no loose ends.
Members Voluntary Liquidation (MVL) – Solvent Liquidation. In other words, the company has cash but has served its useful purpose and needs to close. A distribution of share value to its directors in the most tax efficient way.
McAlister & Co are Licensed Insolvency Practitioners providing advice to Directors, Sole Traders, and Partnerships about the options available.
We can help you:
- Deal with staff and unpaid wages.
- Deal with your creditors.
- Deal with bailiffs, solicitors, and court officials on your behalf.
- Enable you to safely close a company and restart.
- Give you breathing space to make informed choices.
- Obtain valuation of business assets.
- Assist in gaining business finance.
- Identify personal guarantees and potential liability.
- Help protect your family home and personal assets.
- Negotiate with HMRC on your behalf.
Times like this can get incredibly confusing and stressful. Financial pressure or loss of love for the business can feel like a lonely place but that doesn’t need to be the case
We don’t need personal or company details to answer initial questions on your situation. Call us now for FREE initial advice:
03300 563 600
Is your company experiencing financial difficulty? Are you looking for a way to carry on trading?
- Advice on procedures which allow your limited company to continue trading while insolvent, allowing you to trade out of debt.
- Protection from legal action by your creditors
- We negotiate with your creditors on your behalf to reduce your limited company debt
- Upfront, fixed quotes and FREE initial advice and guidance
Are you looking for a way to close down and restart your company?
- Legally wind-up and restart your limited company, without the debt.
- May minimise the loss of assets and staff jobs
- Your limited company is quickly protected by the Court from legal action by creditors
- Upfront, fixed quotes and FREE initial advice and guidance
Do you need to wind up or dissolve a dormant company or solvent company?
- Tie up the loose ends of a dormant or unused company
- Close down a business if you are retiring
- Wind up and distribute assets of a larger, solvent organisation which is no longer needed.
- Distribute cash and assets quickly to shareholders
- Ensure there is no future comeback on tax liabilities
- Upfront, fixed quotes and FREE initial advice and guidance
Do you need pre-liquidation planning and support? Is your company showing the early signs of financial difficulty and insolvency?
- Pre-liquidation planning to can make liquidation quicker, easier and cheaper
- Advise on asset protection, director liabilities and staff and director redundancy pay
- With planning, the costs of the liquidation can be worked in to the company debt
- Upfront, fixed quotes and FREE initial advice and guidance
