Simple Liquidation

Knowing when to close a limited company can be difficult. Warning signs may include persistent cash flow problems, growing HMRC arrears, continued losses, late supplier payments or the loss of a major customer. Directors should consider whether future trading is likely to improve the company’s position or simply create more debt. The correct closure route depends on whether the business is solvent or insolvent. Options may include voluntary strike-off, Members’ Voluntary Liquidation or Creditors