Scotland Liquidators Glasgow Office
Our expert team of licensed insolvency practitioners in Glasgow are here to help you with the best insolvency service for your limited company. From our office in Glasgow, we can arrange face to face consultations to discuss your options, whether you may need to liquidate your limited company, or explore business rescue procedures such as company administration. In this consultation, we can help assess your company’s financial situation and direct you to the most appropriate solution going forwards.
If you are a limited company director struggling with outstanding debts to creditors, we can provide liquidation advice on closing your company. A common example of company creditors during insolvency is HMRC, who may be chasing debts such as VAT, PAYE, or outstanding Bounce Back Loans.
There are many reasons why you may be struggling with debt, and our licensed insolvency practitioners can guide you through a Creditor’s Voluntary Liquidation (CVL) process. This form of liquidation is preferable to a Court Liquidation, which occurs when a creditor’s petition to wind up your company is accepted by the sheriff court, who will then appoint a liquidator to forcefully close your business to meet creditor debts.
Another option to explore is a solvent liquidation, also referred to as a Members’ Voluntary Liquidation. This is a tax-efficient method of bringing a company to an end and striking it off the Companies House register. However, in order to do this, directors must sign a Declaration of Solvency which guarantees that any remaining debts will be paid off within 12 months of signing.
Get in touch with our insolvency practitioners in the Glasgow office today to explore your liquidation options. Or, contact one of our offices based across Scotland in Aberdeen, Dundee, Edinburgh, and Inverness. You can also complete an online 60-second test to receive a free debt report to outline your companies’ financial status.
