Find out more about a company liquidation in King’s Lynn

Has your business become insolvent? 

A creditors' voluntary liquidation could be the ideal next step 

Avoid personal liability and end your company - call us now 0800 331 7417

No one wants their company to become insolvent.  It can be a difficult time and there are often problems paying back trusted suppliers and contractors. Whether this situation has been caused by bad debt or changes within your industry it can often leave directors wondering where to turn next. 
Even in this seemingly adverse situation you may still have options.  A creditors’ voluntary liquidation allows you to formally close down your company under the direction of a registered insolvency practitioner.  All your remaining business assets are sold and the proceeds are used to pay off your creditors.  

Under a creditors’ voluntary liquidation you are permitted under UK law to select your own authority to oversee the process.  McTear Williams & Wood is ideally placed to help you with a considerable experience supporting companies through this difficult time. 

To find out all the facts why not book a meeting to discuss a potential company liquidation at our offices near King’s Lynn. All our advice is completely confidential and we will be able to answer all your questions regarding personal liabilities and company debt. 

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 at our offices near King's Lynn and we’ll assist you in understanding the full range of implications.  Call us now on 0800 331 7417

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