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Looking to liquidate your business? For help call 0300 303 8284
Looking to liquidate your business?
For help call 0300 303 8284

Liquidation consultancy services

Whilst the route to liquidation can either be a voluntary or compulsory process, the outcome is that your business is being wound-up and will no longer trade. Whether its your choice, or a creditor forcing your business into liquidation, we can provide you with the advice you need throughout the process.

Going through a liquidation can be a daunting task and a very complex process – we suggest taking professional advice to protect the business and its directors from significant implications.

Liquidating a company

Whether the choice to liquidate was yours, or your creditors, it’s a daunting task and a very complex process. We suggest taking professional liquidation advice to protect the business and its directors from significant implications. To find out more about liquidation, and the forms it takes, visit our what is liquidation? page.

What is liquidation?

Liquidation can be voluntary or compulsory, but the result effect is that your business will no longer be trading. A company can be forced into liquidation by creditors who are owed outstanding debt that your insolvent company can’t pay without declaring liquidation.

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How much does it cost?

While there is a cost to any professional service, the cost of a Liquidation can often be met through the assets of the business. It is important to you and to us that you are fully aware of the cost, the process, and any implications. Contact us today for more information.

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Liquidation advice

Whilst many people may offer an opinion, it’s important to ensure you get trustworthy and technically accurate advice from Licensed Insolvency Practitioner. If your company is starting to suffer with the burden of debt, and you think corporate insolvency might be on the horizon, it’s imperative that the advice you get is not only correct, but is right for your circumstances.

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Director's loan accounts

A directors’ loan account (DLA) is a notional balance owed between directors and the company. It is used to record money injected into and taken from a business by the directors.

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More information

What is liquidation?

Liquidation can be voluntary or compulsory, but the result effect is that your business will no longer be trading. A company can be forced into liquidation by creditors who are owed outstanding debt that your insolvent company can’t pay without declaring liquidation. Voluntary liquidation is also an option if your company forecasts that debts can’t be paid and is a professional way to protect assets. It can also be used to recover remaining value from a company that you no longer wish to be solvent. Contact The Insolvency Experts for professional liquidation advice.

How much does it cost?

The cost of liquidation can usually be covered by remaining assets in the company. Before going through liquidation, it is important that you are aware of the assets in the business and the cost of professional advice, the process itself and any implications that there may be. The Insolvency Experts can provide advice tailored to your business as each business liquidation is different to the next. Talk to a licensed Insolvency Practitioner today and get the best results for your business.

Liquidation Advice

Sometimes it’s necessary to seek advice from a licensed Insolvency Practitioner to discuss the best course of action for your business, especially if you’re struggling to repay debts to creditors. Our aim is to help directors get control of their business and seek the best route to be able to continue trading or to efficiently liquidate a business. For more help and advice get in touch with The Insolvency Experts today.

Director's Loan Accounts

Directors are able to remove and replace money from a business via a Director’s Loan Account (DLA). This is perfectly legal and is used to record movement of money between companies and directors. It is necessary that the balance is repaid within nine months of the company’s financial year end as failure to do so could see the money be judged as an interest-free loan from the business which could affect tax. For more information on how to deal with a DLA, contact The Insolvency Experts today.

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Liquidation
michael beal