There are two situations when ending your relationship as a director with your company. The first is when you have the money to pay off your creditors. This is called a Member’s Voluntary Liquidation (MVL) which allows you to realise all your funds.
The second situation is when you cannot afford to pay your creditors. In this situation the company liquidation can be bought about through a Creditors' Voluntary Liquidation. This dissolves your business and creditors are paid off through the sale of all your assets.
No matter what event leads to the need for a CVL, whether this be the failure to secure a large order or terminal cash flow in the business, you are allowed to appoint your own authority to manage the process of liquidation.
In such instances McTear Williams & Wood is the ideal choice. With experience of managing company liquidations for a large number of clients in different industries, we will help you get the best result at this difficult time.
If you have been declared insolvent it is likely that your company’s value is rapidly depreciating. Through rapid action it is possible to ascertain the best price whilst still retaining your customers. McTear Williams & Wood is able to provide you with a quick resolution in such circumstances.
Why not find out how a CVL could work for your business? Arrange a free company liquidation consultation with McTear Williams & Wood in Cambridge and we’ll assist you in understanding the full range of implications. Call us now on 0800 331 7417
Other services we offer in your area:
Administration Order In Cambridge
Business Health Check in Cambridge
Company Administration in Cambridge
Company Bankruptcy in Cambridge
Company Insolvency Check in Cambridge
Company Voluntary Arrangement in Cambridge
Creditors' Voluntary Liquidation in Cambridge
CVA in Cambridge
Insolvency in Cambridge
Insolvency Practitioners in Cambridge
Liquidation in Cambridge
Pre-pack Administration in Cambridge
Members' Voluntary Liquidation in Cambridge
Solvent Liquidation in Cambridge
Winding Up Order in Cambridge
Winding Up Petition in Cambridge