CLOSE YOUR COMPANY SAFELY

We manage a Trouble Free Closure, protecting you from Personal Liabilities by Creditor Settlement, or a positively handled Creditors Voluntary Liquidation.

CLOSE COMPANY SAFELY

We manage a Trouble Free Closure, protecting you from Personal Liabilities by Creditor Settlement, or a positively handled Creditors Voluntary Liquidation.

HOW WE CLOSE YOUR COMPANY SAFELY

When a director needs to cease trading ,insolvency solutions will effect a safely managed closure, either by a Negotiated Settlement with creditors, or by careful and positive management of a Creditors Voluntary Liquidation [CVL]

Negotiated Settlement followed by Striking the Company Off the Record is an option where HMRC debts can be discharged in full and all other Creditors can be persuaded to agree a level of reduced payment which the Company or its Director(s) are able to pay.

With a Safely Managed CVL we keep you in control, as Director, but act on your behalf to handle such matters as HMRC, Landlord, Trade Creditors, Customers, Sale or Retention of Assets and Debtor Collections. We review company financials with you to help ensure regularity, minimise any personal liability and then arrange appointment of a helpful proposed Liquidator.

HOW WE CLOSE YOUR COMPANY SAFELY

When a director needs to cease trading ,insolvency solutions will effect a safely managed closure, either by a Negotiated Settlement with creditors, or by careful and positive management of a Creditors Voluntary Liquidation [CVL]

Negotiated Settlement followed by Striking the Company Off the Record is an option where HMRC debts can be discharged in full and all other Creditors can be persuaded to agree a level of reduced payment which the Company or its Director(s) are able to pay.

With a Safely Managed CVL we keep you in control, as Director, but act on your behalf to handle such matters as HMRC, Landlord, Trade Creditors, Customers, Sale or Retention of Assets and Debtor Collections. We review company financials with you to help ensure regularity, minimise any personal liability and then arrange appointment of a helpful proposed Liquidator.

APPOINTING A HELPFUL LIQUIDATOR

Unless you wish us to pursue a Negotiated Settlement, all statutory aspects of a Creditors Voluntary Liquidation will be undertaken by our colleague Licensed Insolvency Practitioners, who will circulate Creditors for a meeting to approve appointment of the Liquidator. Normally Virtual, occasionally there will need to be a Physical meeting.

PROTECTING YOU AS DIRECTOR

Protection of client Directors from personal liability is the first priority of Insolvency Solutions. Before actioning a CVL, we will identify your vulnerability to such claims as wrongful trading, overdrawn directors account and personal guarantees and work with you to remove, or minimise, liabilities and challenge any claims. Ask about special measures we take to avert HMRC fines liability for alleged wrongful use of Covid Bounce or CBILS loans.

IMMEDIATE HOLDING ACTION

While awaiting formal appointment of a Proposed Liquidator Interco acts immediately as closure manager to defend against any hostile action. We act on your behalf to become the only contact point for Creditors and, if you wish, we act as Collections manager with Debtors and assist handling any Customers needs for work completion.

ASSISTING WITH THE CREDITORS MEETING

The proposed Liquidator invites creditors to attend a Virtual Telephone Meeting to confirm their appointment and we prepare our Director Client to deal with any related questions. In the unlikely event that a physical meeting is needed, we accompany you to assist.

SUPPORT TILL ALL IS CONCLUDED

Once the Liquidator is appointed, we continue to help you with such further matters as collection of outstanding book debts, any intended purchase of assets from the Liquidator, negotiating settlement of Personal Guarantees – whatever is needed to complete a safe completed closure.

HOW WE HELP

We manage all key aspects of company closure helping the Director avoid mistakes that create personal liability and making the process as trouble free as possible.

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