Liquidation solutions
Every business – and every business owner – is unique. Before we recommend any service, we take the time to understand the financial challenges your business is facing and your aspirations for its future.
Services we offer
Once we’ve found a solution that works for you, our team of business rescue experts and licensed insolvency practitioners will help you put in place a tailored plan to overcome your challenges and prepare you for whatever comes next.
These are our most common liquidation solutions. To speak to us about your individual business needs, please contact us using the options below.
Creditors’ Voluntary Liquidation (CVL)
A Creditors’ Voluntary Liquidation (CVL) is an insolvent liquidation process. The company is closed. Its assets are turned to cash and used to pay creditors.
Members’ Voluntary Liquidation (MVL)
A Members’ Voluntary Liquidation (MVL) is an easy way to close a solvent business. Any assets are quickly liquidated and the cash distributed tax-efficiently.
Compulsory Liquidation
Compulsory Liquidation is the court-ordered liquidation of a company. It’s generally a last resort initiated by a creditor who want to get their money back.
Start Afresh Liquidation
This service is unique to FA Simms. We enter an insolvent company into Creditors’ Voluntary Liquidation (CVL) but use it as a business rescue process. The director of the company purchases its goodwill and assets to go forward and trade within a new company.
No Asset Liquidation
As the name suggests, if you have no assets to liquidate this is the most economical way we can close your business for you. With a fixed-fee quote and free advice, our aim is to make this process as smooth as possible.
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