Company Liquidation Services
Expert Guidance for a Difficult Decision
When financial pressures begin to mount, it’s important to understand your company’s options clearly. RCM Advisory Ltd offers tailored company liquidation services for directors seeking clarity and control during uncertain times. Whether you’re closing due to insolvency or planning a solvent wind-down, our licensed insolvency practitioners are here to provide trusted support.
What are your options as a director, if you are thinking of voluntarily liquidating your company?
The closure of a company can occur due to various circumstances, and it can either be a voluntary or compulsory process. If a creditor is forcing your company into liquidation or you have decided to wind-up your company affairs, our team of experts can provide you with the best advice on how to proceed. Regardless of whether your company is solvent or insolvent, liquidation is a complex process that requires the expertise of a licensed insolvency practitioner.
Our team of professionals has extensive experience in handling company closures and can guide you through the process with ease. We understand that this can be a challenging time for you, and we are committed to providing you with the support and guidance you need to make informed decisions. We will work closely with you to assess your company's financial situation and determine the best course of action. Our goal is to help you achieve the best possible outcome for your company and its stakeholders.
As part of our comprehensive company liquidation services, we aim to provide practical, clear, and confidential support from your first enquiry through to final closure.
If you are facing the closure of your company, our team of experts is here to help. We will provide you with the guidance and support you need to navigate this challenging process and ensure that your company's closure is handled professionally and efficiently.
We can offer a FREE confidential consultation to discuss your options.
Voluntary Liquidation Options
Option 1
Creditors' Voluntary Liquidation
CVL
A Creditors' Voluntary Liquidation, commonly known as CVL, is a formal process that marks the end of an insolvent company. This process can only be initiated under the guidance of a licensed insolvency practitioner, who is appointed as the liquidator.
During a CVL, the company's assets are sold off to pay off its debts, and any remaining funds are distributed among the creditors. This process is initiated voluntarily by the company's directors, who recognize that the company is no longer viable and cannot continue to operate.
Our company liquidation services cover every stage of the CVL process, from preparing resolutions and creditor communications to final filings, ensuring that directors meet their legal obligations and reduce personal exposure.
Option 2
Members' Voluntary Liquidation
MVL
A Members' Voluntary Liquidation (MVL) is a formal process that is initiated to wind up the affairs of a solvent company. A solvent company is one that has more assets than liabilities and can, therefore, pay off all its debts. The MVL process involves the members of the company and their appointed Insolvency Practitioner.
During an MVL, the company's assets are sold, and the proceeds are used to pay off any outstanding debts. Any remaining funds are then distributed among the company's shareholders.
MVLs can also be a tax-efficient method of distributing company reserves to shareholders. As part of our company liquidation services, we guide clients through this process with discretion, efficiency, and full compliance.
Avoid Compulsory Liquidation
Compulsory liquidation, also referred to as involuntary liquidation or winding up, is a legal procedure that mandates a company to cease operations and liquidate its assets to settle its debts. This process is triggered by a winding-up petition and is supervised by a court-appointed liquidator.
Compulsory liquidation is a last resort for companies that are unable to pay their debts. It is a legal process that forces a company to sell off its assets to pay its creditors. This process is initiated by a winding-up petition, which is usually filed by a creditor or group of creditors. Once the petition is approved, a court-appointed liquidator takes over the company's affairs and oversees the sale of its assets.
As a company director, it is crucial to take prompt action if you suspect that your company may be insolvent. By doing so, you can avoid the undesirable outcome of compulsory winding up and instead opt for the more favourable option of voluntary liquidation.
Our team of experienced insolvency professionals are here to assist you in navigating this complex process.
Contact us today to learn more about how we can help you potentially avoid compulsory liquidation and achieve a smoother transition to voluntary liquidation. Don't wait until it's too late - take action now to protect your company's future.
By seeking advice early, you can access tailored company liquidation services that protect your interests, reduce stress, and allow for a more controlled outcome, rather than leaving decisions in the hands of the court.
Every company’s situation is different. Our role is to listen first, assess your position carefully, and provide straightforward advice you can act on. Whether you're dealing with creditor pressure, planning an MVL, or unsure what’s next, our company liquidation services are designed to bring clarity at a difficult time.
