Insolvency Expertise
There are several types of insolvency, creditors’ voluntary liquidation (CVL) occurs most frequently in the UK. If a company is unable to pay its debts or carry on business, a CVL will transfer management of the business’s assets to a liquidator, who will divide the proceeds to the creditors in accordance with statutory priorities.
Although a certified insolvency practitioner must conduct the liquidation process, we can provide valuable guidance and support throughout the challenging process of winding up a firm. You might even discover that going into liquidation may not be necessary and that we are able to offer some guidance to rectify the situation. This could entail closely examining your receipts and expenditures, offering suggestions for cost-cutting measures to boost your bottom line, or suggesting prospective refinancing possibilities. All of these can assist in guiding your business back towards profitability while keeping it safe from the possibility of insolvency.
If insolvency is unavoidable, we have all the necessary contacts and connections to make the insolvency procedure for your business as smooth as possible. Schedule a free consultation so that we can get started.
