Business Closure

COMPANY RESCUE, RECOVERY AND CLOSURE ADVICE FOR BUSINESS OWNERS

The company’s shareholders must pass resolutions to place the company into Liquidation and to appoint a Liquidator, a licensed insolvency practitioner, who will assume control of the company’s affairs.

Once appointed, the Liquidator is charged with disposing of its assets for the benefit of the creditors. The sale may be back to the director/s to enable the business to continue in another form.

The ‘liquidated’ company will cease to trade and the Liquidator will wind up all outstanding matters including dealing with all employee and creditor queries.

Our experts at Umbrella.UK Insolvency have a wealth of experience in this area and are available today for a free initial consultation* in the strictest of confidence. Call 0800 611 8888, visit www.umbrella.UK or email us or click below to request a call back.

 

*We don’t charge for an initial consultation, but it may lead to an insolvency solution where our pre-appointment costs are reimbursed as part of the fee structure that creditors approve.

Umbrella.UK is a trading name of Umbrella Accountants LLP. Registered Office: Bollin House, Bollin Link, Wilmslow, Cheshire, SK9 1DP: Company Number OC360021. Data Protection Number Z2517380. VAT Registration Number 107346824.

Thomas Fox LLB MIPA is an employee of Umbrella Accountants LLP and is licensed to act as an Insolvency Practitioner in the UK by the Insolvency Practitioners Association. Professional Indemnity Insurance - In accordance with the disclosure requirements of the Provision of Services Regulations 2009, the firm’s professional indemnity insurer is Arch Insurance (UK) Limited, 5th Floor, Plantation Place South, 60 Great Tower Street, London, EC3R 5AZ.

The territorial coverage is worldwide excluding professional business carried out in the United States of America or Canada and excludes any action for a claim brought in any court in the USA or Canada.

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