What Is A Winding Up Petition By HMRC or Other Creditor
What Is A Winding Up Petition By HMRC or Other CreditorLicensed Insolvency Practitioners With National Coverage
Eric Walls our Director of Insolvency and Turnaround heads up our Newcastle and Gateshead Office. As a licensed insolvency practitioner Eric is the supervisor of our CVAs and the administrator and liquidator of a number of companies. This office deals with all creditor liaison once a company has entered a formal process.
Eric is happy to meet directors at the offices to discuss all the options such as a CVA, Liquidation or Pre Pack Administration
You can call him directly on 07787 278 527.
If the company cannot be saved, and you do not believe that a 3-5 year extension on your debts is affordable, via a CVA, then we can conduct a quick and professional liquidation. It is important to act if you believe that your company is insolvent. Failure to act can leave you exposed to personal financial risk. As above, you can call Eric direct and he can explain the process. Once you appoint us, we can stop creditor pressure and put the company into voluntary liquidation in 4 weeks. After the creditors meeting we take over and your duties as a director cease.
An MVL is a voluntary procedure to wind up the affairs of a SOLVENT company. This means that cash and assets can be distributed to the “members”. See this page about our services
The total costs do rather depend on the amount of work involved. Obviously, the more creditors there are and the more complicated the picture in terms of loans, property, company structure etc then the cost will be higher but for a simple liquidation with 1 or 2 creditors start at £4000 + VAT
C12 Marquis Court
Marquis Way
Team Valley
Gateshead
Newcastle Upon Tyne
NE11 0RU
What Is A Winding Up Petition By HMRC or Other Creditor
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