A company may not be able to trade for number of reasons. The company is insolvent if it cannot pay its debts as they fall due, or if its liabilities exceed its assets.
Ashcrofts can assist shareholders and directors with the winding up of a company. This process is called creditors’ voluntary liquidation and involves the winding up of a company and its affairs as well as the realisation of its assets for the benefit of creditors. Whilst a director can cease trading and propose for a company to be wound up, the process cannot be started until 75 per cent of shareholders agree.
We have over 30 years of experience in winding up companies, and have acted as liquidators in various sectors of Small to Medium size companies.
We work alongside stakeholders in order to maximise the return to creditors.
For more information and free initial consultation please contact us.