Directors may, at some point, consider using a liquidation process for their company. This could be for a number of reasons, including: These scenarios are relatively common. However, many parts of the liquidation process are not widely known, for example, the various rights of both creditors and directors involved in the liquidation. Directors should be…
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Managing an insolvent company is not a trivial task. Finding additional sources of revenue while stymying the loss of capital is difficult enough, but this is often made worse when creditors start applying pressure. Not only will this increase the stress directors have to bear, but it could constitute additional outgoings for the company, or…
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The past 2-3 years have been difficult and challenging time for thousands of businesses across the UK due to the pandemic and subsequent lockdowns and now the cost of living crisis. If your company has struggled financially and is now insolvent, meaning it can no longer pay its bills or debts, then it’s time to…
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Directors often put profits back into their company, but there comes a time when a director will want to take some money out. This could be for a range of reasons, but the question remains the same – how exactly do you take money out of a limited company? In this article, Clarke Bell will…
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The cost to close a limited company depends on whether the company is solvent or insolvent. If you’re insolvent and need to close a company that has debts, the cost is £1,995 plus VAT. If your company is solvent and you want to close it efficiently, it can be considerably cheaper, at a cost of…
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.