When is Liquidation the best Option?

If you are running a business using a limited company, and you have run out of cash, you have a decision to make.

Do you want to exit, bail, at the end of the day, why flog a dead horse.

Or, is this a business worth fighting for? Is there an opportunity to make some money, salvage what you can, learn some lessons, lick your wounds, and have another crack at it?

Either way, if the company that you are trading has run out of cash, you have a decision to make – either invest more cash or , call it a day, decide it would be throwing good money after bad, and accept that the company is past its sell by date.

Never throw good money after bad. Please, consider the alternative of investing in a new, clean company, do a deal with the Liquidator, to take the business forward without the dead-weight of historic losses.

You know it makes sense.

Liquidating a company online

Companies are now formed online, and with Insolvency Direct, uniquely, they can be placed into Liquidation online.

Simply create an account for your company on InsolvencyDirect.com, by clicking the Liquidation Quote button and our online liquidation system will take you step by step through the initial Liquidation process, with the minimum of fuss, expense, and inconvenience.

It is surprisingly simple, and thanks to our web based system, you cannot get it wrong. The system has been built to ensure the Liquidation process is 100% correct.

In order to complete the transfer of the company from the Directors to the Liquidator, it will only be necessary for a Director to attend two meetings, held on the same day, usually around two weeks after the Liquidation process is initiated, and usually at our centrally located Cheltenham head office, or at one of our local branch offices as appropriate.

You Form a Company online, so it follows you might like to Liquidate it online too?

Incorporating a company online is easy and cheap as chips, starting from around £18, I use StanleyDavis.co.uk, who charge £30, which seems reasonable to me, and I have been using them for years, and I believe in being loyal to my suppliers, so long as they are not oo expensive!

When a company has served its purpose, or outlived it’s usefulness, it needs to be dissolved, by striking off, or Liquidation where the company has lots of cash to distribute to shareholders (happy day), or hte other side of the coin, when it has debts it cannot pay, it is insolvent, and needs to be placed into the hands of a Liquidator to be wound up prior to being dissolved.

Liquidation is a standard process, identical for every company. The process of Liquidation is simple, if you know how!

It makes perfect sense to create a web based liquidation system that makes the whole process simple, one step at a time, online, at your own pace, with telephone support from professionals as and when you require additional information about your company’s options.

Direct Insolvency

The world of commerce is online. Companies are formed online, they trade online, and now, for the first time, they can be liquidated online.

Insolvency Direct offers shareholders and directors of insolvent companies a unique online system to place your company into liquidation directly, from your screen, into the hands of a Qualified Liquidator with the minimum of fuss, cost and inconvenience.

A company is a legal entity, and the system to place each one into liquidation is the same, irrespective of age or size.

The cost of liquidation traditionally relates to the size of the company, but when it boils down to it, whether you are Fred Bloggs Ltd or Rolls Royce Plc, the same rules apply.

Our online liquidation system is a fail-safe, idiot proof, user friendly, step by step guide to place your company into Liquidation.

By cutting out the Lawyers and the Accountants, who are acting as middlemen, between the Directors and an Insolvency Practitioner, you can save money by getting a better price, and save time and worry, by going direct to the best.

We have the best system in the Insolvency Profession, working with Directors to manage the commercial ramifications, opportunities, exit strategies, business transfer options, and ensure the business transition or exit process is seamless.