Logo

Recovery & Turnaround

  0808 159 7337

  0114 299 4556

Google reviews graphic

Liquidation

Liquidation

An insolvent business is one which cannot pay its debts as and when they fall due or one whose assets are outweighed by its liabilities. Liquidation is very often the only prospect for the company and in the right hands can be a far less stressful tool than most directors would imagine.

FREE EXPERT ADVICE

Help when you need it most

Liquidation, or Creditors' Voluntary Liquidation (CVL) to use the full name, is the most utilised insolvency process. Used correctly it is a clinical tool to sever all ties with the defunct company and give the directors the opportunity to create a fresh start for themselves. Whilst insolvency practitioners are adept in ceasing to trade a business, BCIA Recovery & Turnaround provide a full package to enable the directors to salvage a business from the liquidation in a fully professional and legal manner.


There are all sorts of hoops to jump through and legal barriers along the way. To undertake the journey without specialist advice can lead to directors breaking the law and finding themselves personally liable for the debts of either limited company. At BCIA we are dedicated insolvency experts and can help to orchestrate the process once your directors take the decision to make the company insolvent – taking steps to control your own future is better than letting the situation spiral downward. 

CONTACT US

OTHER SERVICES

If you're facing liquidation or any other financial issue, BCIA can help.

Liquidating assets

The funds you free up by liquidating machinery, fixtures and book debt will go towards paying off your creditors, relieving the pressure on you. The assets of a defunct company are often worthless to the general public and hence the best realisation for the creditors comes from selling the assets back to the directors in a Newco. It is not uncommon for the assets to be purchased by a new company whilst at the same time transferring the secured element of debt (normally the Bank) across to the new company to maintain financing or protect personal assets used as secondary security.


Based in Derbyshire, our services are available for clients throughout the UK (except Scotland) and with over 40 years of experience you can rest assured that we put you first at every stage. If you choose to liquidate your assets, we have lawyers, accountants, and insolvency experts on hand to assist you.


To discuss your individual circumstances with our professional team and have an initial analysis carried out, contact us today. We’ll talk you through your best options and orchestrate the process to make things as easy as possible throughout.

ABOUT US

Contact Us

If you're considering liquidation, call BCIA today on:

  0808 159 7337

Share by: