If you’ve decided to close your business and move on then it is important you understand the options available.
You may be able to avoid the cost of liquidation and close your company online in a more affordable way.
A company may implement its own internal recovery plan or call in external assistance from a Licensed Insolvency Practitioner like the Insolvency Practice.
Using a ‘fresh pair of eyes’ can really help and also offers transparency to creditors and everyone involved.
Most businesses will prioritise their trade creditors, as they deal with them on a regular basis and they are central to the smooth running of the business. We have over 25 years experience as Licensed Insolvency Practitioners, so no matter what you are facing – we will be able to assist you.We help companies and partnerships struggling with debt…by providing structured financial solutions A recovery plan tailored to your unique circumstances examines every aspect of your business and will identify key areas of improvement for you.Often referred to as business bankruptcy, liquidation allows a company's unsecured debts to be written off and means as a director you can start again.A Creditors Voluntary Liquidation (CVL) is agreed by the shareholders when it is clear the company has no future.