50 years Business Recovery Experience

Independent advice tailored to you

You could claim on average £12,000 redundancy

Caring and reassuring professional advice

Our advice could stop creditor action

Experienced to stop court Action

Offering free director advice

Next day face to face meeting if required

Contact us in confidence on 0800 0465 608

50 Years
Insolvency Experience
0800 0465 600
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Worried About Your Limited Company?

Experts In Business Recovery

What Our Clients Say

“My business was struggling, I contacted Business Solution Centre and they took all of the stress away and provide me with my options”

“The Insolvency Practitioner gave me his mobile number and told me to contact him directly at any time if I had concerns, he was true to his word and all my calls were answered and my concerns removed”

“I had one point of contact right the way through my liquidation journey. I never had to wait and listen to hold music or press option buttons to speak to my Professional Advisor”

“Polite, knowledgeable, professional and courteous”

“I honestly thought that I had failed at business, if I hadn’t sought advice, I wouldn’t still have my company”

“I spoke to Andrew Ryder, he was caring and reassuring from our first conversation”

“The decision to declare insolvency can never be an easy one, bringing with it feelings of doubt and fear. Seeking advice and taking the necessary course of action has lifted a weight off my shoulders.”

“At our first meeting they explained all of my options and the necessary steps of each. I was then able to make an informed decision”

“After providing me with my options, they suggested taking 24 hours for me to decide whether or not to engage them to work on my behalf”

“I can honestly say that Business Solution Centre took a situation which I was dreading and made it as painless as possible”

What Our Clients Say

“My business was struggling, I contacted Business Solution Centre and they took all of the stress away and provide me with my options”

“The Insolvency Practitioner gave me his mobile number and told me to contact him directly at any time if I had concerns, he was true to his word and all my calls were answered and my concerns removed”

“I had one point of contact right the way through my liquidation journey. I never had to wait and listen to hold music or press option buttons to speak to my Professional Advisor”

“Polite, knowledgeable, professional and courteous”

“I honestly thought that I had failed at business, if I hadn’t sought advice, I wouldn’t still have my company”

“I spoke to Andrew Ryder, he was caring and reassuring from our first conversation”

“The decision to declare insolvency can never be an easy one, bringing with it feelings of doubt and fear. Seeking advice and taking the necessary course of action has lifted a weight off my shoulders.”

“At our first meeting they explained all of my options and the necessary steps of each. I was then able to make an informed decision”

“After providing me with my options, they suggested taking 24 hours for me to decide whether or not to engage them to work on my behalf”

“I can honestly say that Business Solution Centre took a situation which I was dreading and made it as painless as possible”

How to Close a Company

Independent advice tailored to you

Claim on average £12,000 redundancy

Our advice could stop creditor action

Experienced in stopping court Action

Offering free director advice

Next day face to face meeting if required

Start a new company with no debt

We can deal with the old company’s debt

No more creditors chasing for payment

Call us in confidence on 0800 0465 600

What options do I have to close down my company?

When closing your company is the only option, there are a number of ways this can be achieved. The two main differences are whether your company can afford to pay its debts or not. If your limited company is solvent (can pay its bills or has no outstanding debts) then it can be ‘Struck off’ the register of companies. For this option to be available your company mustn’t be in a Company Voluntary arrangement (CVA), isn’t threatened with liquidation and hasn’t traded or changed names in the last three months. You simply apply to Companies House by completing a DS01 form and send a cheque for £10. If nobody objects to the company being ‘Struck off’ then approximately three months from the application, the company is dissolved and struck off the register.

What if my company has no outstanding debt?

If your company is Solvent (able to clear all outstanding debts and have remaining assets) then you may decide to alternatively enter into a Members Voluntary Liquidation (MVL). In order to do this you must enlist the assistance of an experienced Insolvency Practitioner to liquidate your company. This type of liquidation has no effect on the Directors personally and no investigation of the Director’s conduct takes place. Depending on the level of assets and funds remaining in the business (Usually over £25,000), this may be the most tax efficient way of closing your business. Funds distributed to shareholders through an MVL are treated as capital gains and not taxed in the same way an income would be.

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Are there options if the company has outstanding debt?

Where your company is insolvent (unable to pay your debts as they fall due), rather than continuing to trade and increasing the company’s debt level, you can appoint an Insolvency Practitioner to become the liquidator of your company and bring its dealings to an end. As you potentially have a choice on the Insolvency Practitioner you use then you can have more control of how matters are dealt with throughout your liquidation. The Liquidator will value, sell and distribute the company assets whilst considering the best interests of your creditors. This process can usually be undertaken in a relatively short space of time.

For a full breakdown of all your options in closing your company, check the potential solutions on our website and do not hesitate in contacting us today for free advice.

Obtain your free online liquidation quote:

Free Online Liquidation Quote

Alternatively speak to our team on 0800 0465 605

There are many ways in which debt can affect a business. Lines of credit from suppliers are the lifeblood of most businesses as it allows them to purchase the required stock that they otherwise wouldn’t have been able to. If these were to cease it could have a devastating impact on production and subsequently profit.

Speak to me directly for free advice on 0800 0465 600

Andrew Ryder

Insolvency Practitioner, Business Solution Centre

Free Telephone Advice

Free Telephone Advice
Contact us today for free insolvency advice and information on our services:

+44 (0)800 0465 600

Mon-Fri: 8am-8pm

Redundancy Calculator


try our online calculator to see if you are eligible for a redundancy claim between £7000- £12,000.

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Contact our team today on 0800 0465 600

Case Studies

Manufacturing

Manufacturing Mr B – Northern Ireland. The Company was a small manufacturing business incorporated in 2010. The company was profitable with staff numbers increasing with six employees working at the company in its height of trade. Contact our Insolvency Specialists...

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Construction

Construction Mr H – Manchester. The company was incorporated in 2007 and the initial start-up costs were funded by the Director in hope that these will be repaid once the company became successful. Contact our Insolvency Specialists for Free Advice Today Make Your...

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Hospitality

Hospitality Mr B – Hartlepool. The company was incorporated in 2016 by the director and the start-up costs were self-funded by the Director. The Company ran a public house in the town centre of Hartlepool and relied on the Directors contacts within the industry such...

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About Us

What makes us different is our friendly and empathetic approach. Our team of experts, combined, have over 50 years’ insolvency industry experience. That’s why we genuinely understand the impact that insolvency can have not just on individuals, but on their families.

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