To make a fresh start with your business a CVL – creditors’ voluntary liquidation – could be the most sensible option. While this may seem severe it is the best option when a company has become burdened by debt, as continuing to trade would be illegal.
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. The funds you free up by liquidating machinery, fixtures and book debt will go towards paying off your creditors, relieving the pressure on you.
We are fully qualified and have teams of accountants and lawyers who will ensure you are always put first. Working with clients throughout Derby, Chesterfield and Sheffield, we have over 13 years of experience in orchestrating insolvency and liquidation proceedings so you know you’re in the best hands.
We carry out an initial analysis of your circumstances and will consult you on your best options as well as assisting you to carry out the right action. To learn more about creditors’ voluntary liquidation and how it can benefit you and your business then contact us today.
Want to know more about Creditors' Voluntary Liquidation (CVL)? Read more in our resource centre.
I have dealt with Jamie Buchanan and BCIA for a number of years and have always found him and them excellent value. That is, they are very competent, hard working, reasonably priced, capable of lateral thinking, not stuck in traditional ruts.
They have a wide range of connections and know the right person for the job if a specialism they do not have is required.
Above all, they are positive and constructive and look for a good outcome.Alex Bevan, Mediator
BCIA could not have been more helpful with their guidance in assisting us in a pathway to reconstructing our business and our lives. If you are thinking of using a recovery company, in my opinion, you could not use a more professional or helpful practice. Always answering a call when you need them most and if engaged, responding as promptly as they possibly can. If you are a small or large company they can tick every box that you require.Trevor & Heather Webber, Directors, Brake & Service World Ltd