Problems with HMRC debt, PAYE, cashflow or creditors? Discuss the options for your insolvent business with our expert advisors.

The majority of companies that undergo an insolvent liquidation do so because of debt and cashflow problems. This formal process is known as a creditors’ voluntary liquidation or CVL and allows the directors to choose and appoint an insolvency practitioner to sell off the remaining assets using the proceeds to pay a dividend to creditors.

McTear Williams & Wood can help you understand all the options available to you based on your current situation. We’ll help you review all the guarantees you’ve made for your company debt helping you to minimise your personal liabilities.

Find out the best course of action for you and your company – talk to one of our expert advisors today. 

The Benefits of Liquidating Your Company

Resolves your company debt issues – clears your company debts, ends debt collection and allows you to write off all of your bad debts.
Resolves legal issues – any court actions against you are halted – avoiding formal procedures - and you receive protection against allegations of wrongful trading.
Redundancy claims are paid – all employees can claim redundancy including you as a director of the company.
Business issues are finalised – leases are terminated and sold and a line is drawn under your failing business.
Free to start up a new company – with a company voluntary liquidation you can go on to start up a new business.

It's never too early to talk

Don't be nervous talking to an insolvency practitioner, if you're worried you might be losing control contact us early, there's more scope when people call us early as we're able to offer turnaround possibilities.

McTear Williams & Wood has 18 years’ experience working as a leading business rescue and insolvency expert in the South East. Contact one of our professional experts today.

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