Scotland Liquidators Edinburgh Office
Welcome to the Scotland Liquidators Edinburgh office, based in the heart of Scotland. Our team of licensed insolvency practitioners are here to help businesses with liquidation and debt advice. If you are a limited company director, and find yourself struggling with managing debt, we can guide you through insolvency and business rescue solutions.
Our Edinburgh liquidators are highly experienced in company closure, and can determine the best solution through a face to face meeting at our office, or from one of our other locations across Scotland in Aberdeen, Dundee, Glasgow, and Inverness.
If you are struggling with debt, our licensed practitioners can test your financial status to check whether your company may be classed as insolvent. If this is the case, then we can assist with liquidating your limited company to resolve debts. If debts are left too late, creditors may petition to the sheriff court for your company to be wound up, and forcefully closed through Court Liquidation. A common example of a creditor is HMRC, who can be unrelenting when it comes to chasing unpaid VAT, PAYE, or Corporation Tax. When your company is placed into Court Liquidation, this can be damaging for your credibility as a director, and you may be placed under investigation.
To avoid Court Liquidation, our team can assist with a Creditors’ Voluntary Liquidation (CVL), which is a director-initiated way of liquidating your company and restoring debts to creditors. One of our insolvency practitioners will be able to close your company if it seems unlikely to be rescued- this is a preferred route to Court Liquidation as it demonstrates that you are fulfilling your legal responsibilities as a director.
Alternatively, if you are seeking to close your company, and whilst it may have debts it is not classed as insolvent, our team can assist with a Members’ Voluntary Liquidation (MVL). This is another voluntary form of liquidation, where once agreed by 75% of shareholders, and declared solvent, the company will be liquidated and proceeds divided between them. This option is a tax-efficient method of closing a company, and is often used by directors wanting to retire, or move on from business ventures which have served their purpose.
If you are based in Edinburgh, and would like to learn more about company closure and rescue options, contact our team today to arrange a free and confidential meeting. Or take our online 60-second test to receive a personalised debt report.
