Scotland Liquidators Dundee Office
If you are a limited company director based in Dundee, and are seeking debt advice, we can assist you from our local Scotland Liquidators office. Here we have a team of licensed insolvency practitioners, who are experienced in debt solutions including business rescue procedures and company liquidations. We can arrange a confidential meeting with one of our team so you can explain your financial situation and determine the best way to move forward, whether that may be closing your limited company, or alternative routes.
If your company is facing increasing creditor pressure, whether that may be from late HMRC VAT payments, or are struggling with meeting costs of supplier invoices, our licensed insolvency practitioners are here to support you. If a creditor does not receive payment, they may issue a Winding up Petition and, if granted by the sheriff court, your company may be placed into Court Liquidation, and as a director your conduct may come under question.
A preferable alternative to this is a Creditors’ Voluntary Liquidation. This is a formal way to close your limited company which is insolvent. As it is self-initiated, this demonstrates that you have taken creditors into consideration, which is more favourable for your role as director.
An alternative liquidation method is a Members’ Voluntary Liquidation. If you are intending to retire or for other reasons are seeking to close your business which is solvent, our liquidators can help you close your business through this tax-efficient method. In order to do this, you must sign a Declaration of Solvency which states that your company can pay any outstanding debts in full within 12 months of signing.
Our team in Dundee can help you to understand further options available for your company, including rescue options such as company administration, as well as personal debt solutions. Contact us today to learn more about our services, or take our 60-second online test to receive a personalised debt report for your business.
