“Your Company is in debt and you’re struggling to stay afloat!!”

“What if there was a way to ease the pressure from creditors by closing your current Company to make a fresh start tomorrow…”

Liquidation could be the answer…

If you choose the right Liquidators… you could put your old Company to bed, stop worrying about your creditors and make a fresh start…

Gone are the days when liquidation was seen as business failure… thousands of Directors, just like you, will choose to liquidate their Companies this year and start afresh without the stress and worry that Company debts cause.

In fact many Directors see liquidation as just a stepping stone to get to where they want to be…

However; once you decide that liquidation is the right move for you and your Company, you have to be 100% certain that you choose the right liquidator…

Liquidation can be a very complex process and as with every industry, there are good, bad and ugly liquidators in the UK… choose the wrong liquidation advisors and you could end up in a far worse position that you’re in now…

There are far too many horror stories of Directors becoming personally liable for the debts of their Company (and ending up bankrupt…) due to their liquidation not being undertaken in the right way… Isn’t that one of the main reasons why you set up your Ltd Company… to avoid becoming personally liable for the debts of your Company…

For a free impartial discussion on how liquidation can solve your Company’s debt problems, and how to ensure you choose the right liquidator…

give us a call on 08000 842 844 or enter your details below to request a callback…

Call now and make the fresh start that you deserve…

Dont let thishappen to you

Personal Experience of Debt:

3 years ago, I had 2 successful businesses and a 1.2million property portfolio but I also had 140k of personal & business debt. So I entered into an IVA, but I chose the wrong advisors. The IVA failed, my debt increased to approx 400k & the Insolvency practitioner (unfortunately, I chose a shark) made me bankrupt. I not only gained valuable knowledge from this experience, but I also made many excellent contacts including some of the top Insolvency practitioners in the UK. I now get huge job satisfaction by passing on this knowledge & experience to other people who find themselves in debt.

Professional Experience of Debt:

Im a Chartered Accountant / Chartered Tax Adviser with many years experience of working with Insolvency practitioners, Debt Advisors, Financial advisors etc I now know which advisors to use, and just as importantly, which ones to avoid.

Enter your details in the form on the right hand side of the page or Call me now on 0800 533 5370 to take advantage of my experience and to ensure you choose the right debt solution and just as importantly the right debt advisor

You could be guilty of wrongful trading without realising it if you are, you could become personally liable for the debts of your Company

If youre a Director of a Limited Company & you have Corporate debts the first thing to appreciate is that you must separate your personal debts from your Corporate debts.

Limited Companies are separate legal entities with their own contractual capacity. When you enter into financial agreements as a Limited Company the debts are the liability of your Company & not you personally (unless you signed personal guarantees or youre found guilty of wrongful or fraudulent trading).

There are various Corporate debt solutions, including;

1. Administration

Company Administration is designed to protect companies from their creditors while a restructuring plan is developed. Click Here For More

2. Company Voluntary Arrangement (CVA)

There is legislation that enables a company to make a private arrangement with all its unsecured creditors. The CVA (Company Voluntary Arrangement) procedure was introduced by the Insolvency Act 1986 IA86 and is simply a formal mechanism which permits a company, which has debt problems, to reach a compromise with its creditors on the repayment of its debt. Click Here For More

3. Administrative receivership

Administrative Receivership is a procedure that can only be instigated by a secured creditor with a valid floating charge over the assets of the company. This is usually the companys bank. Click Here For More

4. Liquidation; There are 3 types of liquidation

(i) Members Voluntary Liquidation

A Members Voluntary Liquidation MVL is a voluntary procedure to wind up the affairs of a solvent company.

(ii) Creditors Voluntary liquidation

Creditors Voluntary Liquidation CVL is the process where the directors of an insolvent company can voluntarily take steps to wind up the company. The directors call meetings of the companys shareholders and creditors to consider resolutions to wind up the company and to appoint a liquidator.

(iii) Compulsory liquidation

Compulsory Liquidation, usually referred to as Winding-Up, is the process to wind up an insolvent company through the courts. Click Here For More

5. Business Rescue / Turnaround

Turnaround involves the restructure of a financially challenged company with or without the use of a formal insolvency procedure. This is only relevant for companies that have a viable business that can, if freed from debt, trade profitably. Click Here For More

6. Pre-Pack Administration

If your business is facing huge problems and legal threats, there is a powerful, legal way of selling the business on to a third party, a newco or to the existing directors. This is called pre pack administration sale. Click Here For More

As with personal debt solutions, selecting the right Insolvency practitioners is just as important as selecting the right solution. If you need help with your corporate debts and youre not sure which debt solution is right for you, give us a call on 08000 842 844 now.