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Our aim is to make liquidation into a simple, fast & stress free experience for you as the company director.
At Company Closure Specialists, we're deeply committed to supporting our clients through their journey towards success, even when it involves making the difficult decision to liquidate or close their business.
Recognizing the complexities and emotional weight of ending a business venture, we dedicate ourselves to offering thorough, empathetic guidance and support throughout the entire liquidation or closure process.
Our experienced professionals are here to assist with every detail, ensuring a seamless and less burdensome transition. By choosing us, you're not just navigating the end of one chapter, but you're also laying the groundwork for future opportunities with clarity and peace of mind.
Let us be your ally in this pivotal moment, helping you close one door with care, ready to open another with hope.
Everything you say to us is fully confidential and without obligation
Our mission is to help directors find positive solutions to debt problems
Company assets are realized and distributed fairly, with any surplus being returned to the shareholders
The liquidation will come to an end and the company’s debts will cease to exist
I was very worried about my company debts, but they immediately put my mind at rest. They were brilliant from start to finish with the whole process of closing my business.
These guys were surprisingly good. I wasn’t expecting much, but enjoyed a professional service with a good array of options presented. I would in this instance recommend this company.
Fantastic service, since Covid my business was really struggling to make a profit. I had a 50k bounce back loan and had fallen behind on corporation tax and vat bills. After speaking to my accountant he tried to strike off the company but this didn't work.
I had business debts and received great help from the team. They guided me through the best possible ways in closing my business down without having to worry about future consequences. Would highly recommend!
Whilst liquidation timeframes will vary widely depending on the size and complexity of the case, especially if there are assets that need to be realised.
Once appointed it is the liquidator that is responsible for dealing with creditors, getting in the assets of the Company and distributing any proceeds of sale.
The directors responsibility is to provide the liquidator with the information to do this, the majority of this is undertaken in the first 6 months.
Once a director has provided the liquidator with all the information h e has requested, there is normally very little left for the director to do. So whilst a typical liquidation might last for 12-18 months, in most cases the director need have no further involvement after the first 6 months.
The short answer is no, you cannot liquidate a company yourself.
All company liquidations requires the services of a liquidator, under UK law.
If you’re a company director and have paid yourself via PAYE, with more than two years’ service, it’s very likely you can claim redundancy if your company has closed due to insolvency.
Claims must be made through the Redundancy Payments Service, part of the Insolvency Service, and we will tell you how to process your claim. If the claim is successful, it will then be paid by the National Insurance Fund.
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