Thinking of a company liquidation in Milton Keynes?

Has your business become insolvent?

Even though you have run out of money you might not have run out of options

A creditors' voluntary liquidation could help you avoid personal liability

Get all the details  Call us now 0800 331 7417

Want to close your business? If you are still solvent then a members' voluntary liquidation is a tax efficient way for you to end trading and satisfy the demands of your creditors.  our company is closed and you resign from your position as a director. 

But what about when you no longer have the resources to meet your responsibilities?  If your company has experienced cashflow problems and has become insolvent then a creditors’ voluntary liquidation will allow you to close your company. 

In this instance you are allowed by the courts to appoint your own liquidator tasked with managing the closure of your business. This authority is responsible for selling off the remaining assets of the company to meet the demands of the creditors on a case by case basis. 

McTear Williams & Wood has the expertise to help you achieve the best outcome from a CVL. To discuss any questions, you may have please set up an appointment about your company liquidation at our Milton Keynes offices. 

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

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