What is liquidation? (video)
Liquidation Video Transcript
Liquidation is stressful, of course it is, but it’s not necessarily the of everything.
You know, we deal with stress every single day, so it’s our job to take away as much of your stress as we possibly can. We can answer calls for you, deal with the bailiffs, and generally lessen the load so that you can see there is a way forward.
If together we believe that the company can no longer pay its way and continue trading, it could enter into a creditors voluntary liquidation (more simply, the corporate equivalent to bankruptcy).
If you’re propping the business up with your own cash please stop immediately. Phone us now before it gets any worse. Often, the loss-making and city can be closed down, assets can be sold at market value and employees transferred to a new, viable company with a future.
If you need us, there’s no time like the present.
Read more about creditors voluntary liquidation (CVL) or different types of liquidation.
Phil Meekin
Senior Consultant
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If you would like further advice please freephone 0800 901 2475 or send us a message.
If you would like further advice please freephone 0800 901 2475 or send us a message.