When a company is struggling financially, whether it is experiencing cash flow problems, pressure from creditors to repay its debts, or is being threatened with a winding-up petition, the director will need to look closely at its options to understand the best route forward. Some companies will no longer have a viable future or chances…
Read MoreIf you are entering your solvent limited company into a Members’ Voluntary Liquidation, you will need to be aware of the declaration of solvency which must legally be signed as part of the liquidation process. To help directors find out more about the declaration of solvency and why this is part of the MVL process,…
Read MoreClosing a limited company is a significant decision to make and requires serious consideration. If you are unsure about whether closing down your company is the best move, it might be better to leave it dormant. In this guide, Clarke Bell explains what a dormant company is and why a director might leave their company…
Read MoreA director’s loan account is a company’s record of the money owed to, or owed by, a company director. Usually, a director’s loan account is a method by which a director can take money out of their business in a way that isn’t classified as their salary, a dividend or an expense. However, it can…
Read MoreCreditors who are owed money by a company and have had several repayment demands gone unfulfilled can apply for a County Court Judgement against the limited company as a means of recovering the debt. When a limited company fails to pay a County Court Judgement, the creditor then has the right to gain assistance from…
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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.