Liquidation Help

Fed up of the stress?

As you are visiting us you are obviously worried about your company and are looking for independent and professional advice.

You may feel as if you have had enough of the stress and worry of running your business - dealing with creditors and fire fighting to pay your debts and wages on time.

On this site you will find some free advice about the liquidation process and other alternatives that may be applicable.  

If you want further free advice call us FREE on 0800 612 2635 or via the web using the link below:

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Avoid Personal liability

Once a business is insolvent directors may become personally liable for any debts incurred after that point.  This is known as Wrongful trading.

This affects not only formal directors but those holding a senior position who may be considered to be a form of director.

To avoid the risk of personal liability get  professional advice from a Licensed Insolvency Practitioner.

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What is insolvency?

Insolvency is when the business is unable to meet its debts when they are due for payment or its liabilities are greater than its assets.  A Company may also be considered insolvent if there is an outstanding Statutory demand or other court action pending.

Indications your business may be insolvent

Are you experiencing any of these:

• Difficulty paying wages and salaries;

• Constantly at the company’s overdraft limit;

• Increasing directors' loan accounts – having to continually put money into the business to keep it alive;

• Problems obtaining raw materials and having to change suppliers to maintain supply;

• Bailiffs turning up;

• Utility companies threatening to cut the business off;

• HM Revenue and Customs threatening action against the company;

• Bankers wanting to reduce the level of facilities.

If you are then your company may be insolvent and you should seek professional advice.