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What is a Pre-Pack Administration?

What is a pre-pack administration? There are many reasons why a director may consider closing a limited company. Some directors see genuine hope of recovery from financial difficulties and therefore opt for a pre-pack administration. What does a pre-pack administration mean? Company pre-pack administration meaning A pre-pack

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creditors voluntary liquidation closure

What is a Creditor’s Voluntary Liquidation?

What is a Creditor’s Voluntary Liquidation? Are you considering closing your business and need to find out more about your options? We’re here to help. We offer advice on all aspects of liquidation and company closure. In this blog, we’re answering – what is a creditor’s voluntary

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Order of Payments in Liquidation: Who gets paid first?

Order of Payments in Liquidation: Who gets paid first? When entering an insolvent liquidation for the first time, it can be hard to understand how everything works. If your business is insolvent, that means your company owes a range of creditors money that you can’t pay back.

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Liquidation vs Administration

Liquidation vs Administration

Closing a business is never an easy decision and it’s usually one that you’ve spent a lot of time considering before making a final decision. Usually, when dealing with an insolvent company, directors will make the decision to start the company closure using one of the formal

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