It is not uncommon for a company to struggle with debt issues. Especially given the recent series of problems that have plagued Britain’s economy. Many companies have been forced to shoulder more debt than would be ideal, solely to remain in operation. However, for many of these companies, the time to pay has come due,…
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Many company directors will seek help from an insolvency practitioner at one point or another. They might need advice on how to restructure their company to improve profitability, help with selling their company using methods such as a pre-pack administration, or help to liquidate their company when it needs to be closed down. In this…
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Liquidating an insolvent company can be rather volatile for the uninformed. It’s easy to trip over one of the many legal pitfalls, especially when lacking a solid understanding of the practice and what to avoid. Acting haphazardly and underestimating the sensitivity of such a practice can easily result in unforeseen consequences, many of which carry…
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It is the fate of most companies that they will be closed at some point. This could be for a wide range of reasons, from lack of profitability to the directors wanting a new project or to retire. For such companies, a voluntary liquidation or a voluntary strike-off will be the two main options for…
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When a company decides to close using a Members’ Voluntary Liquidation (MVL), directors will usually file a signed indemnity during the procedure. Essentially, this allows the company to distribute funds amongst its shareholders without waiting for the MVL to follow the usual channels that allow for the release of funds. As this can take months,…
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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.