Director’s Helpline
01257 793600
Whether your objective is to remain in business or close a business – our team has the expertise to get the job done.
I Want To Keep My Business
Administration
Administration is an insolvency procedure used to protect a company that is insolvent (unable to pay its debts) and to help it achieve a better outcome for its creditors than would be achieved if it went into liquidation.
Pre-Pack Administration
A pre-pack allows an insolvent company to sell its assets to a buyer before appointing administrators. This can be done quickly and confidentially, which can help protect the value of the business and preserve jobs.
Voluntary Arrangement (CVA)
This allows a company to restructure its debts and continue trading by reaching an agreement with its creditors to pay a portion of its debts over an agreed period of time.
Avoid Compulsory Liquidation
Your last resort is to allow your company to go into compulsorily liquidation – you should avoid this if at all possible. We can help you understand your options with the goal of securing a better outcome.
I Want To Close My Business
Creditors’ Voluntary Liquidation
A formal insolvency procedure that is used to wind up an insolvent company. A CVL is initiated by the company’s directors, who propose to put the company into liquidation and appoint a liquidator.
Members Voluntary Liquidation (MVL)
Members Voluntary Liquidation (MVL) is a type of liquidation that is used by solvent companies to wind down their affairs and cease trading.
Company Dissolution
If the company is inactive; or solvent with minimal or no assets; or insolvent but with creditors unlikely to object – then dissolution may be suitable and typically can cost as little as a few hundred pounds.