Company Liquidation in Ipswich

Is your business insolvent?
Then you can completely close down your company with a
creditors’ voluntary liquidation

Find out all the facts

Call us now 0800 331 7417

Do you have enough capital to pay off all your debtors? If this is the case then a Member’s Voluntary Liquidation (MVL) is probably the ideal move to allow you to end your relationship with your company and realise your cash. If however you cannot meet your responsibilities then the alternative is a creditors' voluntary liquidation (CVL), which allows you to end your relationship with an insolvent business. It allows you to cease trading and your debts are paid out from the liquidation.

Sometimes difficult business circumstances lead to a CVL, such as a failure to win an order, insufficient cashflow, the loss of a customer or simple problems with bad debts.  In any such situation a third party can be chosen to oversee your company liquidation.

At McTear Williams & Wood, we have handled a number of company liquidations for businesses in Ipswich and across the UK for a wide selection of business sectors, giving us the experience and ability to get the best result for you.

How can we help you?

  • Free initial appointment - in the first instance we provide you with a consultation session to go through all the implications and obligations necessary for a company liquidation.
    Review options for business recovery - even if you are insolvent, there may still be routes by which you can continue trading. We are able to help you understand how to close down your company and buy it back.
  • Calling a creditors meeting - one of the key steps in implementing a CVL is setting up a meeting with your business’s creditors in order to pass the resolution to allow the liquidation and to confirm the choice of liquidator.
  • Company liquidation - during the liquidation process McTear Williams & Wood will manage the sale of your assets, handle any legal matters and distribute funds to the creditors amongst other key responsibilities.

Why should you act now?

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 Ipswich and we’ll assist you in understanding the full range of implications.  Call us now on 0800 331 7417

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