Predominantly due to the impact of the Covid-19 pandemic, Creditors’ Voluntary Liquidations (CVLs) are on the up. In August 2021, there were a total of 1,446 corporate insolvencies across the UK, most of which were CVLs; the fourth month in a row above 1,000 and a return to pre-pandemic levels. What was also evident in …
What Happens When a Corporation is Unable to Pay its Debts? Read More »
Whether the company is solvent or insolvent, sometimes the only option available to directors is to enter a voluntary winding up process to close the company. Also known as liquidating or closing down a company, the ultimate result is removing the dissolved company from the Companies House register. If it’s a solvent company, i.e. has …
What Are the Provisions for Voluntarily Winding Up a Company? Read More »
When a company is financially in trouble, no matter what the size of the business, seeking advice quickly is vital. It is incredibly stressful having to deal with creditor pressure, late penalties and the threat of legal action on a daily basis, not to mention facing rising debts and inability to meet the company’s monthly …
Business Insolvency Advice to Recover From The Crisis Read More »
Simple Liquidation
