Do you have enough assets and liquidity in your business to pay off your creditors? If this is the case then a Members' Voluntary Liquidation is the ideal measure to help you realise your fund and end your affairs with the company.
However if your business is technically insolvent, where you cannot meet the demands of your creditors, you will need a company liquidation. This is enacted through a Creditors' Voluntary Liquidation, where all your assets are dissolved in order to raise the money to pay off your debt.
It is always the case that difficult conditions have triggered your need to put a CVL in place. However it doesn’t matter if your situation was caused by money mismanagement or simple changes in the market, you are allowed to choose your own authority to handle your company liquidation. This is where McTear Williams & Wood enters the picture. With our lifetime’s experience helping companies across a wide range of business sectors we are ideally placed to assist you in achieving your ideal result.
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 at one of our offices in East Anglia and we’ll assist you in understanding the full range of implications. Call us now on 0800 331 7417