Liquidation does not have to be the end.
Liquidating your company does not mean the end of your business, or your career. There are a number of restructuring options available that will allow a business to continue by restructuring your debts.
Voluntary Administration, Debt Hibernation, a Phoenix restructure or a Compromise with Creditors are means that will allow some businesses to continue.
Waterstone Insolvency has over a decade of experience in assisting companies through this process.
When liquidation is the end.
In some cases, however, a company has outlived its usefulness and it is time to bring the enterprise to a close. When considering your options, it is important to talk to someone who knows the process and can manage this for you. Directors often leave liquidating their business too long, and it is almost always at the tail end of a company’s commercial existence that breaches of directors’ duties occur and director’s liability arises.
If you are considering your options, we recommend talking to us sooner than later.
No Obligation Consultation
Waterstone Insolvency offers a free 30 minute consultation to discuss your options.
In our experience, the longer directors wait, the worse it becomes, not just for the directors, but for the company’s staff, suppliers and customers.