In many cases with a Members Voluntary Liquidation (MVL) the aim of the shareholders is to release the capital as quickly as possible so they can invest it in their next project or buy that dream house they wanted etc. So regularly we get asked the question whether we can transfer the funds ASAP rather than wait until the end of the process to release the funds.
A business’s cash-flow is crucial to their survival, having a strong cash-flow reflects that a business is doing well and their business model is succeeding. However, as it is intrinsically linked to your customers, even the healthiest of cash-flows can suffer problems without warning. Our team of business recovery experts know this and can provide solutions for cash-flow problems. Contact us today to speak to one of the team on 0800 955 3595 or use the online contact form.
We provide business rescue services which give confidential advice on company debt and what how our business recovery service can help to resolve the situation. We can help in renegotiating company debts and highlight what options are available to you in order to resolve that situation. Contact us today to talk about our business rescue services.
A recent legal judgement has now raised a question market over the validity of pension rights in proceedings of bankruptcy.
Originally the position of law was clarified by a judgement of Deputy Judge Livesey QC in the case of Raithatha v Williamson. The ruling meant trustees in bankruptcy were able to access uncrystallised pension rights and make available some of the proceeds to creditors.
Our business recovery service are available right across the UK, wherever you are based we are available to bring tangible help to businesses who are suffering from cash-flow problems. If you need advice and help on how to handle a difficult financial situation then, before it gets too late, contact us to discuss how our business recovery service can help you.
Is a Company Voluntary Arrangement Suitable a Good Idea For You?
Many clients contact us asking “what's the difference between us placing the company into liquidation” and “waiting for a creditor to petition for the companies winding up and letting them incur the costs.”
Understandably when a company is on its knee incurring extra costs is something that everyone would like to avoid. But what are the differences and why is it that people decide to place the company into liquidation themselves rather than wait for someone to incur the costs?
Taz Rashid, Partner and Licensed Insolvency Practitioner at Kingsland Business Recovery has over the last few months been inundated by queries from both directors and accountants alike that have been unsuccessful in striking off their Company’s through the normal process of filing form DS01 at Companies House.
Four years on and we are still in the grip of the greatest recession to hit Great Britain and there are no tell tale signs of recovery. Tauseef Rashid at Kingsland Business Recovery has been inundated with queries from various parties on how to help their client at the earliest possible opportunity in order to minimise the loss to the clients in most cases in their personal capacity.