COMPANY-LIQUIDATION.UK

Free, expert & pragmatic advice for directors of companies facing financial difficulties or insolvency
COMPANY-LIQUIDATION.UK

Free, expert & pragmatic advice for directors of companies facing financial difficulties or insolvency
Many profitable businesses are weighed down by historical debt. Through a structured insolvency process, you can become completely debt-free and continue trading legally via a phoenix company. UK law actively supports business rescue, helping you preserve your core business while eliminating unmanageable liabilities.
How it works:
Why choose us:
Protect your business. Preserve your assets. Start fresh with confidence.
We will outline all the options available for your company, clearly highlighting the pros and cons of each, as well as the financial impact—both on your balance sheet and cash flow. Based on this review, we will recommend the best course of action to save your business, taking into account the costs and benefits of each option. After assessing your company’s circumstances, we will agree on a fixed-cost action plan tailored to your business. This plan includes all costs associated with transferring your business to a new, debt-free phoenix company.
In every scenario, your business will benefit financially. Liabilities can be written off, and if required, the transfer of assets - including the sales ledger - will improve cash flow and strengthen your financial position.
All costs are agreed in advance and fixed. In most cases, these costs are covered by the company’s assets, ensuring they do not place an additional financial burden on your business.
A phoenix company is completely legal, provided certain steps and procedures are properly followed. We specialise in helping directors of struggling companies navigate the often complex and daunting process of company insolvency.
We provide tailored solutions to ensure a seamless transfer of your company’s business and assets to a new, debt-free phoenix company. This is achieved through the liquidation or pre-pack administration of the old company, allowing for the write-off of all liabilities—including HMRC debts, bank loans, and bounce-back or business recovery loans.
We guide you through every step of the process, ensuring the best possible outcome for both you and your business, fully utilising the UK’s company rescue and insolvency legislation.
All company liabilities can be fully written off, allowing your business to legally continue trading through a phoenix company. Your assets remain in place, but the burden of historical debt is removed, giving your business a fresh start.
The phoenix company enables seamless continuation of trading, retaining goodwill and assets while eliminating past liabilities, which significantly improves cash flow and strengthens your financial position.
Alternatively, you can choose to close the company and walk away with no personal liability.
UK insolvency legislation allows, when certain steps are followed, the transfer of the business of an insolvent company into a new, completely debt-free phoenix company. The sale is fully agreed in advance, and—subject to legal criteria—you can retain the existing business name, continue with contracts and customers, and have all debts of the troubled company written off.
In certain circumstances, Pre-Pack Administration is the most effective method of business rescue. It does not signal the end of the core business; rather, it marks the closure of the troubled limited company. By using Pre-Pack Administration strategically, the business can be restructured and seamlessly transferred to a phoenix company. The new company can continue trading completely debt-free, while benefiting from protection against creditor enforcement actions.
As an alternative to formal insolvency, Company Debt Management Plans are designed for companies struggling to pay their debts but with the potential to become profitable once given some breathing space.
Under a Debt Management Plan, the company’s debts are reduced and rescheduled into manageable monthly payments over a set period, with a significant portion of historical debt potentially written off.
In the right circumstances, these plans can be an effective way to resolve company debt problems. Typically, within 12 to 60 months - or sometimes less - the company can become debt-free, with all outstanding debt written off.
Enforcement action for arrears of VAT, PAYE/NIC & corporation tax can be stopped
All business loans can be fully written-off
We can stop all creditor pressure and will deal with creditors on your behalf
Any expensive or unnecessary leases or agreements can be terminated
Enforcement action can be stopped, protecting your company’s assets
Company liquidation can result in certain transactions being overturned or deemed to be voidable, resulting in personal liability. We will ensure no such circumstances arise
For a free, strictly confidential chat, complete the contact form, call us, or click below for an instant WhatsApp chat.
61 Bridge Street, Kington HR5 3DJ
0330 321 3300 info@company-rescue.co London 020 7175 7977 Birmingham 0121 330 0148 Manchester 0161 262 1930 Leeds 0113 365 1141 Cardiff 02920 140288 Reading 0118 307 0825 Norwich 01603 908501 Maidstone 01622 360822
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Free, informal discussion & initial review of your Company's current financial difficulties, and the rescue options available to protect & preserve your business and its assets