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Limited company insolvency solutions from business recovery specialists
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]Limited company insolvency means that you don’t have enough funds in your business to repay your debts now or in the future. It doesn’t mean the end of your business.
There are plenty of ways we can help your business recover from insolvency and continue to trade successfully. If that’s what you want. Some business directors and company owners would prefer to liquidate the company and walk away. We can help with this too.
If you’ve been threatened with a winding up petition from your creditors, you should contact us immediately. Although the situation might seem dire and beyond saving, that might not be the case.
Call us on 0800 054 6590 or request a call back
[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_single_image image=”247779″ img_size=”full” alignment=”center”][/vc_column][/vc_row][/vc_section][vc_section full_width=”stretch_row” css=”.vc_custom_1613628044839{background-color: #f4f3f7 !important;}”][vc_row][vc_column][vc_column_text]
What is insolvency in business?
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_single_image image=”247764″ img_size=”full”][/vc_column][vc_column width=”1/2″][vc_column_text]Insolvency in business is when a company can’t meet its outgoing payments on time or in full, now or in the future. If you’re not sure that this applies to you, you can take our cash flow and balance sheet tests to get a better idea of your situation.
Being insolvent doesn’t mean you have to close your business.[/vc_column_text][/vc_column][/vc_row][/vc_section][vc_section][vc_row][vc_column][vc_column_text]
Early intervention for limited company insolvency
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]Maybe you’re a director who’s had to stop taking a salary from the company. Or a business owner who’s propping up your company using personal money. It could be that your cash flow is in crisis and you can’t see a way to get back on track. There are many warning signs of limited company insolvency.
If this is where you are now, please get in touch with us. If you act now, we could help you turn your finances around without the need for more serious action.
Call us on 0800 054 6590 or request a call back
[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_single_image image=”247783″ img_size=”full”][/vc_column][/vc_row][/vc_section][vc_section full_width=”stretch_row” css=”.vc_custom_1613976980683{background-color: #f4f3f7 !important;}”][vc_row][vc_column][vc_column_text]
Business rescue services instead of limited company insolvency
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_single_image image=”247766″ img_size=”full”][/vc_column][vc_column width=”1/2″][vc_column_text]Business rescue is the act of saving a business from insolvency. There are two formal legal tools that we use to do this: A Company Voluntary Arrangement and company administration.
A Company Voluntary Arrangement (CVA) is a legal agreement between you and your creditors that sets out repayments for your debts. By creating this structure, you can manage historic debts and stop them from interfering in your business’ future. A CVA has to be overseen by a licensed insolvency practitioner.
Company administration requires a licensed insolvency practitioner to take control of your company and decide what assets can be used to pay back creditors. It seems a drastic solution but by doing this we can often save your company and return you to trading as normal.[/vc_column_text][/vc_column][/vc_row][/vc_section][vc_section][vc_row][vc_column][vc_column_text]
Business liquidation
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/2″][vc_column_text]In some cases business rescue isn’t suitable. This is when we’d recommend liquidation. Still, this doesn’t have to be the end of your business, as we’ll show you.
Creditors’ Voluntary Liquidation (CVL) is the voluntary liquidation of your company. You need a licensed insolvency practitioner to act as liquidator. We’ll use your company’s assets to pay back your creditors and then legally close your company. This doesn’t stop you from having businesses in the future.
With a Start Afresh Liquidation, we take you through a CVL first. We then help you to restart your business under a new company. This is a complicated process and must be overseen by a licensed insolvency practitioner.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_single_image image=”247765″ img_size=”full”][/vc_column][/vc_row][/vc_section][vc_section full_width=”stretch_row” css=”.vc_custom_1613977488445{background-color: #f4f3f7 !important;}”][vc_row][vc_column][vc_column_text]It’s hard to think straight when you have the pressure of your company’s financial difficulties weighing you down. Our licensed insolvency practitioners and business rescue experts can relieve that stress. We’ll give you guidance on your limited company insolvency and work with you through whatever solution fits best with your vision for the future.
Call us on 0800 054 6590 or request a call back
[/vc_column_text][/vc_column][/vc_row][/vc_section][vc_section][vc_row][vc_column][vc_column_text]Explore our other services[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column width=”1/3″][vc_column_text]Business rescue >
Business cash flow problems & solutions >
Services for limited companies >
Services for sole traders >[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text]Creditors’ Voluntary Liquidation >
Members Voluntary Liquidation >
Company Voluntary Arrangement >
Company administration >[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_column_text]Bankruptcy >
Individual Voluntary Arrangement >[/vc_column_text][/vc_column][/vc_row][/vc_section]