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Wednesday, 22 September 2010

5 Simple Steps to Liquidate Your Company

Is your company not viable? Is it running out of cash? No future?

ACT NOW, do not leave it until it is too late.....

Step 1 – Find a Liquidator. We can help as we have a number of insolvency practitioners. Uniquely to KSA, YOU can speak to one of our IP's TODAY, if you call now on 0800 9700539. It is not possible to liquidate your own company, as the law just doesn’t allow it.

Step 2 - Pass details of any company assets over to the proposed liquidator, and our valuers may get these valued. This will independently set the value of the assets for going to auction, or you may wish to buy them.

Step 3 – Let us know who the company owes money to (creditors). KSA will write to them all to let them know what’s happening and tell them that a creditors meeting will be held. This will quickly remove creditor pressure from YOU and they will start talking to KSA instead!

Step 4 – Give us all company information and books and records. KSA will give you a list of all the information we need in order to liquidate your company. This information will allow us to prepare the necessary reports for the creditors.

Step 5 – A company director needs to "chair the meeting of creditors". In actual fact the liquidator will run the meeting but you or one of your directors must attend it by law. The meeting of creditors is usually a simple short meeting with no one attending.

Call us now to talk through the issues and get free advice, 0800 9700539. If you're based in the South East call 020 7877 0050. Based in the north? Call 01289 309431 or 0191 483 343.

What does liquidation mean and how does it work? How to people go about winding up a company? What are the risks for directors of wrongful trading? Can I be a director of another company, if we liquidate this company (yes)?

Get more information and answers to these questions by calling or click here

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