I need advice on closing my business

With years of experience spanning diverse industry sectors, we offer comprehensive assistance in various forms of liquidations. Our expertise allows us to provide tailored solutions to businesses facing financial challenges.

The purpose of liquidation is to efficiently close a business, a process accelerated by a variety of factors contingent upon the business’s solvency status.

In cases of insolvency, additional challenges arise, including accumulated tax arrears owed to HMRC, supplier pressures leading to trade accounts being suspended, legal actions for unpaid invoices, bank requests to reduce or withdraw borrowings, unexpected bad debts, and the insolvency of significant customers.

We deliver a complete range of services and solutions expected from a firm with such extensive experience. We strongly advocate for businesses and their professional advisers to seek timely advice when financial difficulties arise. The sooner advice is sought, the broader the range of options available.

Our liquidation specialists understand the vital role your business plays in your life, and we are devoted to helping you achieve the best possible outcome.

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Free confidential business closure advice

Reasons for closure of business

  • The business has served its economic purpose and is surplus to requirements
  • Significant reduction in sales with no likelihood of a recovery
  • The company is insolvent
  • Working capital pressures

Things to consider when closing a business

Taking early and robust advice will help to maximise the options available to you:

Does your business have surplus funds which could be distributed in a tax efficient manner?

The planning and timing of a solvent liquidation is key

Do you have outstanding debts with personal guarantees?

Do you have mounting financial pressures?

Are you able to pay your creditors?

Have you considered your personal financial position?

No matter what type of business you operate, having a strong business adviser to support and guide you through the process is extremely beneficial for a positive outcome. Our team at QuantumaDirect care about our clients and have the experience and skills to formulate business strategies that drive success.

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