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Est. 1989

Closure Options

Licensed UK Insolvency Practitioners FREE Meeting for Company Directors

We can help with serious company debts, HMRC and creditor pressure, VAT/PAYE/Tax arrears, cash flow problems and raising finance.

We Can Offer Expert Guidance on Company Closure Options Including Voluntary or Compulsory Liquidation

Company closure can be the result of numerous different circumstances and ultimately becomes a voluntary or compulsory process. Whether a creditor is forcing your company into liquidation or you have chosen to wind-up your company affairs, Real Business Rescue's expert team can advise on the best way forward. Liquidation, whether mandatory or voluntary, can be a complex process with numerous implications for directors which we can offer guidance on.
COMPULSORY LIQUIDATION - In many cases, a company has hit upon hard times and what was once a viable business has become insolvent with creditors petitioning for the company to be liquidated. HMRC is the most common creditor but this can also be a trade supplier. The creditor or creditors can apply for a Winding Up Petition to be sent to your company which is the most serious step a creditor can take. They are effectively asking the Crown to shut down your company. If you have received a Winding Up Petition, you must act quickly and consult with a licensed insolvency practitioner  or the next step will be a Winding Up Order which will see your company liquidated. You can arrange a free initial consultation with one of our local insolvency practitioners at your convenience.
CREDITORS' VOLUNTARY LIQUIDATION (CVL) - If your company is struggling to the point that it's become insolvent and you wish to cease trading and close the company, this process is called Creditors’ Voluntary Liquidation – known as a CVL. In these circumstances, where you have ascertained that continuing to trade will only worsen the position of your creditors, the company assets are realised (i.e. valued) and sold with a view to paying a dividend to creditors where possible. We can help directors who are looking into the prospect of a CVL.
MEMBERS' VOLUNTARY LIQUIDATION (MVL) - If your company is solvent but you wish to place it into liquidation, the procedure is called Members’ Voluntary Liquidation – commonly known as an MVL. Voluntary liquidation of this nature shouldn't be confused with company strike-off which is another way in which companies can choose to close but this only applies in certain circumstances. If your company has assets or is of a complex structure, an MVL will be the most tax efficient liquidation process.
Real Business Rescue provide director advice online, over the phone, or in-person at one of our 78 UK offices or a place of your convenience.