Business liquidation in Croydon
Posted on October 15, 2014 by Julie Frost
Frost Group is the largest firm of Insolvency Practitioners in Croydon and one of the most popular services we provide for our clients are Liquidations, specifically Creditors Voluntary Liquidation or CVL.
We are the first port of call for businesses in Croydon and Bournemouth when they receive winding up petitions and winding up orders and final demands from HMRC.
A CVL is the most common way for directors and shareholders to deal voluntarily with their company’s insolvency and they are usually the ones who take the first step in contacting Frost Group. More often than not following this decision there is huge relief for the directors from the stress of running a struggling company - some of the benefits of taking this decision being:-
- Puts a stop to legal action, especially from bailiffs and sheriffs
- Removes creditor pressure
- Write off of current HMRC bills
- No burden of paying redundancy costs as employees are able to claim any unpaid wages and redundancy pay from the government.
- There is often no upfront fee to pay because as Liqudators our fees will be paid out of the company’s assets
Frost Group's Insolvency Practitioners in Croydon, Bournemouth and London have a proven track record in helping you start the process of closing your business down and resolving your problems. We will also provide advice on any personal guarantees. And if you want to start up a new business our business advice department is here to help you get back on your feet again with plenty of free advice, guidance and support.
Our nationwide Liquidation service operates from our offices in Croydon, Bournemouth and London, just call us on 0845 260 0101 for a chat with either Jeremy or Patrick who are both Insolvency Practitioners. Only once they are aware of all the circumstances around your need to liquidate your company will they then be able to provide a quote.