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Home Videos Online Quote Contact Login 0800 088 6767 Company Liquidation If your company is insolvent, and you want to limit your liability - liquidation is the simple solution. Call 0800 088 6767 now. Get a Quote Online Click to Send Us a Text Click to Call 08000886767 Company Liquidation The primary purpose of a limited company is to liquidate it. Let's be honest, limited liability is why you formed the company in the first place – to avoid personal liability for the debts of the business in the event it went bust. In the event of insolvency, to limit your liability , you need to liquidate the company. When a limited company is placed into liquidation, the shareholders and directors are not personally liable for the debts of the company, unless personally guaranteed. Once the company is in liquidation, creditors cannot take legal action against either you or the company (except for any personal guarantees). The Liquidator once appointed, takes legal control of the company from the directors and deals with the winding up, at which point the directors are free to pursue new opportunities. How to Liquidate It is cheap, easy and fast. It is a simple three step process, involving three meetings: Directors board meeting Shareholders meeting Creditors meeting The directors are able to buy the assets of the company from the Liquidator, should they wish to do so, and use the assets to trade a new business. Only a licensed insolvency practitioner is legally able to act as liquidator. Call us free on 0800 088 6767 to speak direct to an insolvency practitioner, or click ' free advice ' to request a callback: Free Advice Register for Free Advice Name Phone Email Message Risks for Directors The Liquidator will undertake a review of the director’s conduct and report any evidence of unfit conduct to the disqualification unit of the government Insolvency Service, and this may lead to a ban from acting as a director in future. For smaller companies, the chances of action being taken against the directors are limited. In the current climate when many well managed companies are in financial difficulty due to the economic conditions, the prospect of a ban is low, especially in smaller cases with less than say £100,000 in liabilities. To talk through your company's situation and the implications for the directors, call: 0800 088 6767 Your Best Option Why is Liquidation the Best Option for a Small Company that has run out of Cash It is cheap, easy and fast. Assets can be acquired at a distressed value, and payment terms can be agreed with the Liquidator. The Liquidator takes his fees from the asset realisations, unless there are no assets, in which case he will act on a fixed fee payable in advance. Voluntary Liquidation Voluntary Liquidation is usually the most realistic option to achieve a business recovery, by buying the assets from the Liquidator, or alternatively undertaking a pre-liquidation asset transfer. While these options may appear underhand, they are commonplace and perfectly legal so long as certain key rules are complied with. That is why it is important to instruct experienced professionals to deal with what is a sensitive, commercial matter. CVA's - The Risks CVA or Company Voluntary Arrangement is where instead of liquidating, you make a proposal to pay off the debt over a period of time. This can sound like a great deal when your back's against the wall, but the reality is that it is tough trading a company that is in a CVA. The monthly payment into the CVA is a burden on the cash flow, and often leads to arrears in PAYE and VAT building up. Because the CVA is registered at Companies House, the company’s credit rating is zero, and it is hard to obtain credit terms from suppliers, most of whom are owed money. Competitors use it against you, and it can be tough on morale. If you fail to meet the monthly payments for two months, or get 60 days in arrears with HMRC, then the company will be forced into Liquidation at any point during the usual 5 year CVA. Most companies that try a CVA end up back at square one, in Liquidation, and the directors usually wish they had gone down the Liquidation route from the start. The main advantage of a CVA is there is no conduct review of the directors by the Insolvency Service. © 2015 Findlay James (Insolvency Practitioners) Ltd • 0800 088 6767 • Saxon House, Saxon Way, Cheltenham UK. All Rights Reserved Company Liquidations © 2009- Home Videos for Directors Liquidation Advice Contact Privacy Policy Sitemap Findlay James Insolvency Practitioners Limited providing you with Company Liquidation Advice. Company Liquidation. If your company is insolvent, to limit your liability company liquidation can often be the simple solution. View our Videos on company liquidations, insolvency & administration. Questions? Feedback? powered by Olark live chat software

URL analysis for companyliquidations.co.uk

http://companyliquidations.co.uk///login/
http://companyliquidations.co.uk///contact/
http://companyliquidations.co.uk//tel:08000886767
http://companyliquidations.co.uk///sitemap/
http://companyliquidations.co.uk//sms:07537416038
http://companyliquidations.co.uk///pages/quote/cvl/details
http://companyliquidations.co.uk///privacy/
http://companyliquidations.co.uk///liquidation-advice/
http://companyliquidations.co.uk///videos/
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Whois Information

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Domain name:
companyliquidations.co.uk

Data validation:
Nominet was able to match the registrant's name and address against a 3rd party data source on 07-Nov-2018

Registrar:
Easyspace Ltd [Tag = EASYSPACE]
URL: https://www.easyspace.com/domain-names/extensions/uk

Relevant dates:
Registered on: 18-Sep-2009
Expiry date: 18-Sep-2021
Last updated: 08-Oct-2019

Registration status:
Registered until expiry date.

Name servers:
ns-1528.awsdns-63.org
ns-1904.awsdns-46.co.uk 205.251.199.112
ns-830.awsdns-39.net
ns-99.awsdns-12.com

WHOIS lookup made at 15:02:18 02-Nov-2019

--
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  REFERRER http://www.nominet.org.uk

  REGISTRAR Nominet UK

SERVERS

  SERVER co.uk.whois-servers.net

  ARGS companyliquidations.co.uk

  PORT 43

  TYPE domain

DOMAIN

SPONSOR
Easyspace Ltd [Tag = EASYSPACE]
URL: https://www.easyspace.com/domain-names/extensions/uk
Relevant dates:

  CREATED 18-Sep-2009

  CHANGED 08-Oct-2019

STATUS
Registered until expiry date.

NSERVER

  NS-1528.AWSDNS-63.ORG 205.251.197.248

  NS-1904.AWSDNS-46.CO.UK 205.251.199.112

  NS-830.AWSDNS-39.NET 205.251.195.62

  NS-99.AWSDNS-12.COM 205.251.192.99

  NAME companyliquidations.co.uk

DISCLAIMER
This WHOIS information is provided for free by Nominet UK the central registry
for .uk domain names. This information and the .uk WHOIS are:
Copyright Nominet UK 1996 - 2019.
You may not access the .uk WHOIS or use any data from it except as permitted
by the terms of use available in full at https://www.nominet.uk/whoisterms,
which includes restrictions on: (A) use of the data for advertising, or its
repackaging, recompilation, redistribution or reuse (B) obscuring, removing
or hiding any or all of this notice and (C) exceeding query rate or volume
limits. The data is provided on an 'as-is' basis and may lag behind the
register. Access may be withdrawn or restricted at any time.

  REGISTERED no

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