We have recently seen a surge in company directors looking for advice on how best to liquidate their company following months (or years) of cashflow problems.
Despite the economy generally improving many firms have been struggling for a long time and, with no sign of being able to pay off their debts in the foreseeable future, they have decided to close down their struggling business.
The advantage of doing this now is that it means they can start up a new business having learnt from all their experiences. They will be able to focus on running their business, without spending a large proportion of their time dealing with their creditors and juggling which bills to pay first.
A Creditors Voluntary Liquidation (CVL) can be done from just £3,500 (+VAT), and for many directors it really is the best way ahead for them and their business.