Can I strike my company off that has taken a BBL? Over the last few years, many business owners have been left feeling stressed and things haven’t been made easy due to financial difficulties. The Government provided a number of businesses that met specific criteria the ability
Read more →If you cannot afford to liquidate your limited company, you’re probably worrying about what you can actually do. The truth is, you’re not alone. There are so many business owners out there right now who have tried to keep going through the pandemic and have been left
Read more →What is an insolvency practitioner? If your limited company is struggling right now and may have to close down then you are going to come into contact with an insolvency practitioner. An insolvency practitioner is a person in the UK who is licensed to help businesses and
Read more →Where to begin A CVL is a Creditors’ Voluntary Liquidation and is a process for an insolvent company to follow in order to liquidate it both formally and legally. As the name suggests, it is entered into voluntarily when the directors and shareholders recognise the business is
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Where to begin Whilst no director wants to see their company fail, if your company is facing insolvency and needs to be liquidated, you must consider the impact that this will have on your employees. Let’s look at what to expect from the liquidation process and how
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Where to begin? When a company gets into significant financial difficulties, the only option might be to enter an insolvency process. A qualified insolvency practitioner will need to be involved to ensure everything is appropriately followed. There are specific rules surrounding the processes of administration or liquidation,
Read more →Where to begin If you decide to close your limited company, then you will need a licensed insolvency practitioner to act as liquidator. The role of a liquidator is precisely that – to manage the liquidation of a company. The different types of liquidation Three different types
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