Advice to secured lenders
If a company ceases trading, but can pay creditors in full with a return to shareholders, directors may enlist the help of an insolvency practitioner.
Their expertise and advice can assist in a wide range of situations such as the retirement of directors, the sale of the business or in achieving the purpose for which a company was originally incorporated.
Although it may be possible to distribute the funds to shareholders and have the company dissolved, it may be more tax advantageous for the business to go into members’ voluntary liquidation.
We offer an initial free advice session to allow you to discuss issues with your company in a confidential and professional environment and establish whether there is anything we can provide that would assist you and your business.
