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Creditors’ Voluntary Liquidation

Creditors pressing, need to act fast? Liquidation doesn’t have to mean the end of your business

Over the past 17 years, Bridgestones has helped thousands of company directors with a Voluntary Liquidation. In many cases the relief of knowing that you have someone to help you resolve the stressful and worrying time you’re going through is huge.

Our Expert Company Rescue Advice is 100% FREE & Confidential

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0800 014 9836

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Common Reasons for a Creditors Voluntary Liquidation

  • HMRC problems with VAT, PAYE and Corporation Tax.
  • Loss of market or major customers
  • Unaffordable redundancy costs.
  • Sudden illness.
  • Bad debts.
  • Lack of working capital.
  • Increased competition.

If any of the above apply to you, we may be able to help you. Call us now for a no obligation discussion on 0800 014 9836. A Creditors Voluntary Liquidation does not have to be the end of your business but it will be the end of that limited company.

Some Creditors Voluntary Liquidation Myths Dispelled

  • If your company goes into liquidation, you can be a director of another limited company (in fact, you can be a director of as many limited companies you want providing you act responsibly).
  • You can make an approach to the Liquidator to buy the company’s assets.
  • You are entitled to redundancy payments (providing you have worked there long enough) see our director’s redundancy page.
  • A Company Liquidation should not affect your personal credit rating.

What is the Creditors Voluntary Liquidation Process?

If you think that a Creditors Voluntary Liquidation may be the route you need, we will arrange a meeting to discuss it and all the alternatives with you. Assuming that it is the most appropriate option, we will work with you to draw up the necessary documents to get the process underway. We help you call the statutory meetings, obtain valuations and prepare the information to go to all creditors.

"You don’t get left to do all this on your own, so it’s comforting to know that you have an experienced insolvency specialist at your side all the way through."

Ultimately, we get to the appointment of a Liquidator and then we handle all the claims from creditors and close the company down, having realised any assets that the company had. Our directors are licenced Insolvency Practitioners and have years and years of experience dealing with Creditors Voluntary Liquidations all over the UK.

Choosing who you want to help you with this process is very important to make sure everything is properly dealt with. Call us on 0800 014 9836 for a free, no obligation discussion.

So What Should You Do Next?

If you think that a Creditors Voluntary Liquidation could be the answer to your company’s problems, then contact Bridgestones today to discuss the company options you have. All our discussions are confidential and we can give you the advice you need to make the right decision.

We will want to meet with you to discuss all options and look at the structure of the current business. There may be alternatives to Creditors Voluntary Liquidation and with our experience over the past 17 years, we may be able to offer alternative solutions.

We will want to be involved in what the next steps are. We know that it is your company and any major change is a big step. All our staff understand these difficult situations and are accessible and helpful to everyone.

"It only costs your time to call us and discuss your situation and that may be the most stress relieving call you make. Call us on 0800 014 9836."

Our Expert Company Rescue Advice is 100% FREE & Confidential

Get Help Today
0800 014 9836

(free to call from mobiles and landlines)

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