I need advice on closing my business

We have years of experience in every major industry sector and can help with all forms of liquidations.

The purpose of liquidation is to close a business, often in a short amount of time, and is determined by a variety of factors depending on whether the business is solvent or insolvent.

When a company is insolvent, other factors come into play, such as accumulated tax arrears owed to HMRC, pressure from suppliers, such as trade accounts being put on “stop,” or legal action being taken to collect unpaid invoices, requests from the bank to reduce borrowings or possibly withdraw them entirely, an unexpectedly large bad debt, and the insolvency of a significant customer.

Our team of liquidation specialists understand how stressful it can be when closing a business is the only choice.

We have years of experience in every major industry sector and can help with all forms of liquidations.

We have significant expertise in providing bespoke solutions to businesses that are experiencing financial problems.

We offer the full range of services and solutions that you would expect of a firm with such breadth and depth of experience. We firmly believe in encouraging businesses and their professional advisers to seek the earliest possible advice when problems arise that could result in financial difficulties. The sooner advice is sought, the wider the range of options available. Our liquidation specialists understand that your business is your lifeblood and we are passionate about helping you achieve the optimum outcome.

    Free confidential business closure advice

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    Reasons for closure of business

    • The business has served its economic purpose and is surplus to requirements
    • Retirement
    • 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 Quantuma-Direct care about our clients and have the experience and skills to formulate business strategies that drive success.

    Contact us