“What if there was a way we could save our company, get rid of overheads, costs and staff, and rebuild our sales and profits without closing it? We don’t want to see all of our hard work destroyed and have the misery of going bust!"
There is a great solution for your problem and you've found it…
It's called Voluntary Administration and it is a legally binding deal with creditors.
Voluntary Administration can also be a pathway to liquidation. In the case that not all directors or shareholders consent to a voluntary liquidation of the company, one director can initiate a Voluntary Administration. At the second creditors meeting of a Voluntary Administration the creditors vote on several options for the future of the company, one of which is liquidation.
At our sister site, Restructuring Works, we provide confidential, expert advice to directors of companies in financial distress. There are many sites providing information on restructuring and insolvency issues, but at Restructuring Works we focus on the issues facing the decision maker - the company director.
Click here for the Restructuring Works Voluntary Administration page.
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"…after I gave Dissolve the go-ahead I received the No Asset Liquidation Package within two hours and I had the company in liquidation the next morning."...
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"I’ve now referred two liquidations to Dissolve and in both cases my clients were amazed at the ease of the appointment process and how quickly the liquidation was finished."...
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"Cliff and his staff provided a fast, efficient and friendly service. The process was simplified and all steps were communicated well. The price was exactly as advertised with...
