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”
What is company liquidation?
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
Don’t want to be published in the paper? Let us help
Close your old company and start a new one
We could prevent your bank account being frozen
Call us in confidence on 0800 0465 600
What is company liquidation?
‘Liquidation’ is a term that is used for multiple ways of closing down a business. Closing down a business with debt is also referred to as ‘Winding up’ the business. It is a formal insolvency procedure where a company’s affairs are brought to an end. The company assets are liquidated and the proceeds from the sale of assets is used to repay creditors. If the company does not have any assets then there are ways of liquidating your company and keeping costs to a bare minimum, such as a director’s redundancy claim.
Does liquidating your company effect the directors personally?
A limited company is just that, it’s ‘limited liability’ which means the debt are that of the company and not the director. This means that liquidating a company does not affect the director’s personal credit rating. If the director has personally guaranteed any of the debt, that debt will revert to being payable by the director once the company is in liquidation. A director may become personally liable for the company debt if they continue to trade when the company is insolvent or certain transactions can be claimed against the directors. These claims could affect the directors personally.. This can be prevented so seek advice as soon as you believe the company may need help.
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Do I lose everything when I liquidate my company?
The director’s power over the company cease when the company enters liquidation. This does not mean that they lose everything, the liquidator has to realise all of the company assets however most of a company’s assets are only worth something to the previous directors such as the customer list, website, trading styles and logo etc. These can be purchased by the director from the liquidator. All of this information will be covered in our free initial advice call 0800 0465 600.
Can I set up a new limited company?
Liquidating your company does not prevent you being a director. A director of a liquidated company can start a new limited company immediately after the old company has been liquidated. There are restrictions such as you cannot open a new company in the same name or a name so similar that people may believe they are dealing with the same company. Call us today and we will explain all of your options.
At Business Solution Centre we offer free expert advice from our team of friendly staff. Contact us today on 0800 0465 600 and we will ensure that you fully understand the options available to your company.
Obtain your free online liquidation quote:
Free Online Liquidation QuoteAlternatively 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 RyderFree 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.
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...
read moreAbout 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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