Notice: Information about Vivat Direct Limited, t/a Reader's Digest
Take a look through the latest in-depth industry news as well as a range of features, insights and advice across a variety of different financial topics. Have a browse through our guides and web pages, so you can get an idea about what options might be possible and most helpful in your situation.
Liquidating your company, usually, will not affect your personal credit rating. A limited company is a separate legal entity, protecting you personally, via limited liability.
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Prior to entering a solvent liquidation, there are steps you can take to better prepare your company for an MVL process and potentially make it smoother.
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Struggling limited companies can apply to rescue it through a Company Voluntary Arrangement (CVA), or close it through liquidation.
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When a company is struggling to keep up its payments, directors who wish to continue with their business apply for a CVA or administration.
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If you’ve received a winding-up petition (WUP), you must deal with it quickly. A WUP can lead to the company's closure via compulsory liquidation.
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So, your company is deep in debt and on the verge of “going bust”. Going bust doesn’t always mean the end of your company if you act quickly.
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