What are my company liquidation options?
Learn the facts about your company’s liquidation options from our liquidation experts. Liquidation is a simple legal process governed by the Insolvency Act 1986. Liquidation is designed to enable a struggling company to close when it has outstanding debts to HMRC and other creditors that it cannot pay. Liquidation can however be used by directors who want to trade through a different company thereby allowing them to write off company debt via liquidation. Our liquidation experts can guide you through your liquidation options and answer your queries for free. Contact us now on our free liquidation hotline or fill in the liquidation contact form and our liquidation experts will contact you straight away.
“Do not delay in contacting us, as the sooner professional liquidation advice is sought the more liquidation options will be available to you and for your company”
What is the company liquidation process?
The process for liquidation is a simple straightforward procedure that involves calling a creditors liquidation meeting. Our liquidation experts would do this on behalf of the company wishing to enter liquidation. At this meeting our liquidation expert would be appointed the liquidator and the company would be officially in liquidation. Contact Us To Find Out More about Liquidation.
After the company is in liquidation one of the liquidator’s main duties is to sell the assets of the company and pay a dividend to the liquidation creditors. If the company in liquidation has no assets then the liquidator cannot perform this duty. However, where there are liquidation assets- the liquidator will sell the liquidation assets and may do so to the directors or shareholders of the company in liquidation. Contact Our Liquidation Experts Who Will Answer Any Liquidation Questions You May Have.
Once the company is in liquidation the liquidator deals with the liquidation creditors including the former employees of the company in liquidation. The former employees of the company in liquidation can make a claim to be paid arrears of salary, redundancy and holiday pay from a liquidation fund which is a Government backed scheme. Our liquidation experts explain to the former employees of the company in liquidation how to make such a claim in the liquidation. In addition the directors of the company in liquidation can also make a claim for redundancy, holiday pay and arrears of salary from the aforementioned liquidation fund. Contact our liquidation Experts and Find Out More.
What is the cost of liquidation?
The cost of liquidation depends on the circumstances of the company wishing to enter liquidation. Liquidation advice is an important step for any director and therefore like any decision the directors must be satisfied that they are receiving the best liquidation advice. Our liquidation experts are the best and can answer any liquidation questions you may have including the cost of liquidation.
“To place a company into liquidation costs money, however the benefits of doing so with liquidation experts include bringing tangible- bottom line- advantages”
The cost of liquidation depends on the company’s personal circumstances. We are experts at advising on the best liquidation option for your company and then tailoring a bespoke liquidation solution based on your company’s circumstances. We are extremely competitively priced and pride ourselves on marrying your situation with the best liquidation advice possible. Don’t delay-contact our liquidation experts; find out about your liquidation options and obtain a free no obligation quote.