Close My Company

Want To Close Your Company? What Are The Options?

If you want to close your company you need the right advice and help.

We are often approached by a client who will say to us something like “Close my company – I can’t go on any longer!”. Well, there is a solution out there, and if anyone can find it for you, we certainly can. In a recession this will always be a problem, but we know from experience that from every problem there is always a solution.

At the heart of many failing businesses during a recession is the tendency of growing indebtedness and a denial that this is occurring on a month by month or quarter by quarter basis. The solution is sometimes a straightforward Creditors Voluntary Liquidation which may or may not be accompanied by a pre-pack sale of the assets and contracts to another business entity which the directors then re-assume. Trading will then resume as normal – providing the directors with continuing income and staff with continuing employment – and a far leaner business will be able to flourish without the encumbrance of unhealthily debt to strangle it, as is probably the case now.

If you have a partnership the solution may be a PVA or Partnership Voluntary Arrangement. Sole traders may take the expedient of the better-known IVA to restructure their finances. Whatever you legal status there is always a solution.

If you have to close your company it does not mean that you have failed: may businesses are closed every year – around 5,000 business are currently closing every quarter in some way or other in the U.K. But many of these will re-start in some form and continue to provide an income. You cannot blame yourself from the influence of global economics; you can only blame yourself if you don’t act now, before such action becomes pointless.

If you are thinking of closing your company and would like to talk to a specialist with 17 years corporate insolvency experience then enter your details into the web form below for a no-obligation chat.

However, if you need help with personal debt (rather than business related debt) go to our free debt management plan application form.

We specialise in the following:

business debt factoring
invoice discounting
business bankruptcy
business finance
company bankruptcy
voluntary arrangement

pre pack administration

voluntary liquidation
business liquidation
wrongful trading
business insolvency
business rescue
business turnaround

pre pack liquidation

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