Members Voluntary Liquidation
A Members Voluntary Liquidation (MVL) is a process that enables shareholders’ to appoint a Liquidator in order to formally close down a solvent company. Once the Liquidator has realised all company assets and ensured that there are no outstanding company liabilities, a capital distribution will be paid to shareholders either in species or from funds held in the company.
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VAT Arrears Advice
Are you facing VAT Arrears? Here at AABRS we have many years experience advising limited company directors in this situation.
Late Payment of VAT is something HMRC take very seriously,so we recommend you keep in regular communication with them to ensure the situation is not escalated.
Late Payment of VAT is something HMRC take very seriously,so we recommend you keep in regular communication with them to ensure the situation is not escalated.
Pre Pack Administration
Very simply, a pre-pack Administration facilitates the quick sale of the assets of an insolvent business.
The struggling business sells all or some of its assets to a new company. The new company can have the same directors as the original company or be a completely separate business that has an interest in purchasing the insolvent company’s assets.
The struggling business sells all or some of its assets to a new company. The new company can have the same directors as the original company or be a completely separate business that has an interest in purchasing the insolvent company’s assets.
Compulsory Liquidation
A Compulsory Liquidation is a process whereby a company is wound up through the courts and the Official Receiver is subsequently appointed Liquidator.
Unlike in a Creditors’ Voluntary Liquidation when directors resolve to convene meetings of shareholders and creditors to wind the company up, a Compulsory Liquidation is usually initiated when a creditor commences the winding-up process by issuing a Winding-up Petition.
Unlike in a Creditors’ Voluntary Liquidation when directors resolve to convene meetings of shareholders and creditors to wind the company up, a Compulsory Liquidation is usually initiated when a creditor commences the winding-up process by issuing a Winding-up Petition.
AABRS
Langley House, Park Road, London, London, N2 8EY, United Kingdom
AABRS offer leading insolvency support and advice to a number of business across the UK. Our company primarily focuses on individuals who face financial difficulties, both corporate and personal. We strive to find the best solution for the client, no matter how large or small their requirements may be. We as a company have a team of dedicated professionals who are here to help resolve any financial struggles you may be having.