A company strike-off is an effective, low-cost method of closing down a solvent company. It is used by a great many directors for a wide range of reasons, from declining profitability to retirement. In most cases, the process is quite simple; you will file your application with the Companies House, notify HMRC, and allow the…
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For directors of insolvent companies, finding the right path forward can be challenging. Some companies in difficult financial situations would, for example, benefit most from closing through a Creditors’ Voluntary Liquidation (CVL). Other companies would benefit most from attempting to alleviate the financial pressure, rather than completely winding down operations. A Company Voluntary Arrangement (CVA)…
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When liquidating a company, your options are contingent upon your company’s financial state. A Creditors’ Voluntary Liquidation (CVL) and, potentially business rescue, is often your best option if your company is insolvent (i.e. can’t pay its debts). However, for a solvent company a Members’ Voluntary Liquidation (MVL) is often the most beneficial solution. An MVL…
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Closing a company can be a complicated affair at the best of times, but when you owe a debt to HMRC, you need to be especially cautious. You have legal obligations to creditors generally, but there are stringent rules surrounding closing a limited company with VAT debt, or any other debt to HMRC. Failing to…
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Liquidation is the fate of many companies for a wide range of reasons. Both solvent (asset rich) and insolvent (in debt) companies can be liquidated. Therefore, liquidation shouldn’t be seen as a positive or negative process, it is simply one of many ways to close a company. The directors of a Limited Company will voluntarily…
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Toyah and Nicholas were brilliant in sorting the MVL out for one of my clients. They kept me updated all the way through the process, and the client was delighted with how easily it all went through. I have since referred another case to Clarke Bell – it is very reassuring to know that we are in such safe hands. Many thanks. Martyn
Martyn Thacker
Clarke Bell Ltd were excellent with every aspect of our Members Voluntary Liquidation and in particular they were great value for money. Our contact, Nicholas was extremely professional, most thorough and reached all deadlines to our total satisfaction.
Steve Dawson
Clarke Bell were very good to deal with during the closure of a business I worked for. Although the closure of the business was complicated and slow, Clarke Bell kept me up to date on everything happening and were very helpful. I would highly recommend them.