0800 313 4331 consult@interco.com
Positive CVL Closure

Positive CVL ClosureInsolvency Solutions Liquidate Safely

If the scale of company debt is to great for a Director to continue trading Insolvency Solutions will manage safe closure with a Creditors Voluntary Liquidation (CVL) which is actioned carefully and positively.

This means keeping you in control, but acting 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 minimise any personal liability and arrange appointment of a helpful Liquidator. spacer

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.

If the scale of company debt is too great for a Director to continue trading Insolvency Solutions will manage safe closure with a Creditors Voluntary Liquidation (CVL), that is actioned carefully and positively.

This means keeping you in control, but acting 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 minimise any personal liability and arrange appointment of a helpful Liquidator.

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.

APPOINTING LIQUIDATOR

Unless you have other preferences all statutory aspects of Voluntary Liquidation will be undertaken by our colleague Licenced Insolvency Practitioners at GBR Corporate, who will circulate Creditors for a meeting to approve appointment of Liquidator.This is normally a Virtual meeting, but occasionally will also require a Physical meeting.

PREPARING INFORMATION BEFORE LIQUIDATION

We work with you, as our Client, to assemble and present information that minimises any problems for you, or for the Liquidator, in safeguarding the interests of Creditors.

We review with you the causes of the Company becoming insolvent, review your own status, as creditor, or debtor, examine any accounting matters which may benefit from review or re-presentation, such as an apparently overdrawn directors account and help you author a Directors report. This report will already provide our Licensee colleague at GBR with explanations for Company failure and an account of proper conduct, for use with creditors and the insolvency service, when you then formally instruct him as the proposed Liquidator.

ASSISTING AT ANY CREDITORS MEETING

A physical meeting of Creditors normally will only occur if requested by 10% of Creditors by Value, or by 10 in Number. If this should occur an officer of Insolvency Solutions, normally the Director, will accompany our Client Director at the meeting to advise.

SUPPORT TILL ALL IS CONCLUDED

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

TROUBLE FREE LIQUIDATION?

Give me a call to discuss a safely managed CVL…

Michael O’Connor M.A Managing Consultant

Bromley : 0208 468 1033
Horsham : 01403 839766
Chichester : 01243 624716

or email :

TROUBLE FREE LIQUIDATION?

Give me a call to discuss a safely managed CVL…

Michael O’Connor M.A
Managing Consultant

Bromley :0208 468 1033
Horsham :01403 839766
Chichester :01243 624716
or email :

Interco Management Services Limited

Bromley BR7 6LH : 0208 468 1033

Horsham RH12 1TL : 01403 839766

Chichester PO19 7DN : 01243 624716

Interco Management Services Ltd

Bromley : 0208 468 1033

Horsham : 01403 839766

Chichester : 01243 624716