There comes a point in the life of many companies when liquidation will be considered as a way of dealing with the severe debts of the business. In this article, Clarke Bell will discuss voluntary liquidation and how a company’s employees and directors can claim their statutory redundancy payments. Creditors’ Voluntary Liquidation and employee redundancy…
Read MoreBoth company liquidation and administration are insolvency procedures used to address a company’s ailing financial state. Directors can use either procedure to create a solution for their situation. However, although liquidation and administration are insolvency procedures, typically used as a solution to address the same problem, they are decidedly different. Each of the two has…
Read MoreThousands of directors make the decision to close their limited companies each year. Whether you no longer have a use for the business, are looking to retire, or no longer see a sustainable future for the company, there are many factors to take into consideration when closing a company, including how much it will cost.…
Read MoreA Creditors’ Voluntary Liquidation (CVL) allows a company director(s) to close their insolvent business when it is no longer feasible, whether this is because it can’t pay its bills and debts or its liabilities outweigh its assets. Initiated by the director(s), this is a process that stops the company trading and liquidates its assets in…
Read MoreThere are different types of liquidation, including solvent liquidation / Members’ Voluntary Liquidation (MVL) and insolvent liquidations which includes compulsory liquidation and Creditors’ Voluntary Liquidation (CVL). Although these all end with a company being liquidated and dissolved, they are very different processes. To determine which option is right for your company, you will need to…
Read MoreToyah 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.