I need advice on dissolving my business

We have accumulated years of experience across every major industry sector and can assist with all aspects of business dissolution.
The purpose of dissolving a business is typically to close it swiftly, influenced by various factors depending on its solvency status.
In cases of insolvency, additional factors come into play, such as accumulated tax arrears owed to HMRC, pressure from suppliers (e.g., trade accounts being put on ‘stop’), legal actions to collect unpaid invoices, requests from the bank to reduce or withdraw borrowings, unexpected large bad debts, and the insolvency of a significant customer.
Our team of dissolution specialists understand the stress associated when closing a business as the only viable option.
With extensive experience in every major industry sector, we can assist with all forms of dissolution, offering bespoke solutions to businesses facing financial challenges.
Our comprehensive range of services reflects the depth and breadth of our experience. We strongly advocate for businesses and their professional advisers to seek early advice when facing issues that may lead to financial difficulties. The sooner advice is sought, the broader the range of options available.
Our liquidation specialists recognise that your business is your lifeblood, and we are committed to helping you achieve the optimal outcome.
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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.

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