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.
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