Do you have enough resources to meet the demands of your creditors? If so then a Member’s Voluntary Liquidation (MVL) will allow you to effectively realise your funds and close down your relationship with your company.
If however the situation is one where your business is insolvent, where you cannot pay off all your creditors, then a Creditor’s Voluntary Liquidation could be the right choice for you. This measure allows you to close down your business and all the monies owed are extracted from your remaining assets.
Seeing your company turn insolvent can be a difficult personal time in a director’s life. No matter what has caused the insolvency, you are given the option to appoint your authority of choice to manage the process of your company liquidation. At McTear Williams & Wood, we have successfully manage a number of liquidations for companies working in a range of different sectors and industries. Over the years we have gained the experience necessary to aid you in getting the best result from a CVL.
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 London and we’ll assist you in understanding the full range of implications. Call us now on 0800 331 7417