Category: Sector | Posted on: 26th July 2021
Retail Company Liquidation There’s no doubt about it: retail has faced a huge challenge throughout the UK lockdowns. And things aren’t getting any easier. These issues have many business owners thinking they might need to opt for Retail Company Liquidation. But you have other options. We’ve been helping businesses in crisis for over 40 years. …
Category: Insolvent liquidation | Posted on: 20th July 2021
What’s the difference between insolvency and bankruptcy? “What’s the difference between insolvency and bankruptcy?” is a question we’re commonly asked by clients with businesses that are in financial distress. The short answer is… ‘Insolvent’ is the terminology used for a limited company, sole trader, partnership or individual that cannot pay its debts on time or …
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Category: Liquidation | Posted on: 28th June 2021
The reasons a Members’ Voluntary Liquidation is required A Members’ Voluntary Liquidation (MVL) is the liquidation of a solvent company. ‘Solvent’ means that your company has no problem paying its debts in full and on time. You most likely also have profits in your company. If you’re looking to close your business and it’s solvent, …
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Category: Liquidation | Posted on: 27th June 2021
The reasons a Creditors’ Voluntary Liquidation is required (CVL) If your business is insolvent and there seems to be no way out of your financial situation, a CVL could be the answer. It can help you escape the pressure from creditors and extract the most amount of money from your business for you to pay …
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Category: Compulsory Liquidation | Posted on: 21st June 2021
Compulsory Liquidation Compulsory Liquidation is the forced liquidation of an insolvent company by the courts. It happens in cases where, because a company cannot pay its debts, one or more of its creditors request through a winding up petition that the courts enforce the liquidation (or winding up) of the company’s assets to repay the …
Category: Liquidation | Posted on: 18th June 2021
Winding up a company Winding up a company, in its simplest form, means to stop trading, liquidate your assets and close your limited company, striking off the company from the register at Companies House. Winding up a company is also known as liquidating a company. When you wind up a company, you use the assets …
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Category: Insolvent liquidation | Posted on: 9th June 2021
Benefits of insolvent liquidation. What are the advantages and disadvantages of insolvent liquidation? Facing insolvency is a difficult and often stressful time for business owners and company directors. But believe it or not, there are benefits of insolvent liquidation. We explore them for you below and look at why these benefits of insolvent liquidation might …
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Category: Liquidation | Posted on: 8th June 2021
Solvent liquidation vs insolvent liquidation What’s the difference between solvent and insolvent liquidation? To look at solvent liquidation vs insolvent liquidation, we first need to look at a commonly asked question: ‘What’s the difference between solvent and insolvent liquidation?’ The main difference between solvent and insolvent liquidation is that each is used in a different …
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Category: Solvent liquidation | Posted on: 3rd June 2021
Reasons to liquidate a solvent company. When is a solvent liquidation required to get the maximum profits back from your company? A solvent liquidation can occur when a company needs to be closed for reasons other than insolvency. Example of the reasons to liquidate a solvent company include: it was created to meet short-term demand or …
Category: Insolvent liquidation | Posted on: 2nd June 2021
Causes of business insolvency-what are the reasons for insolvency Causes of business insolvency A business is deemed to be insolvent if it can’t pay its creditors on time or in full, now or in the future. There are many common causes of business insolvency, which we explore below. Our business rescue experts and licensed insolvency …
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