At Oliver Elliot, our cheap Insolvency Practitioner can help you with both a solvent liquidation (MVL) or insolvent (CVL) for your limited company. Where there’s Oliver Elliot there’s a way.
Oliver Elliot can liquidate your limited company from £1,500 plus VAT and disbursements.
A tax efficient distribution to you of your capital.
Orderly winding up of your company.
Obtain full tax clearance to enable a distribution to be made.
Where there’s Oliver Elliot there’s a no-hassle way.
Cheap Insolvency Practitioner Fees To Place A Company Into Liquidation
We are a firm of Chartered Accountants and with our cheap Insolvency Practitioner (Licensed Insolvency Practitioner, Elliot Green) you can typically place a company into voluntary Liquidation for a cheap low cost fixed fee. The fee will vary depending on the facts of the case and if the company is insolvent then we can usually swiftly place the company into Creditors Voluntary Liquidation. How are we able to achieve this?
We have a streamlined process that enables you to obtain a quote and upon confirming we can act, we have created an online system which enables us to assemble the information easily from you in one quick form in which you can upload the necessary documents (if you wish) so that we can crack on and liquidate a company for you.
A Liquidation may well be a cheap option in any event because a company that is no longer needed or has no viable future is likely to represent a burden for its Directors. Every year there will still be statutory compliance requirements that need to be actioned, including but not limited to:
- Annual Accounts and Confirmation Statement filed at Companies House.
- Filing full Financial Statements filed with HMRC along with the Corporation Tax Return (CT600).
If a Director is unable to complete such compliance themselves and the company has insufficient funds then he or she will likely have to pay an adviser to fulfil such compliance so long as the company is in existence. This compliance cannot be overlooked as a failure to file accounts at Companies House on time is a criminal offence.
Alternatives To Voluntary Liquidation
If a company is solvent then even cheaper than voluntary Liquidation would be to dissolve a company. However, that is typically unsuitable for an insolvent company and for a solvent company you might risk losing the substantial tax benefits of a Members Voluntary Liquidation.
If neither the company nor its Directors have access to sufficient funds to pay for a cheap Insolvency Practitioner then there is the option of simply waiting until a creditor takes action to wind up the company and put it into Compulsory Liquidation. However, it should be noted that the above compliance requirements will need to be met until a winding up order is made and then the Liquidator will be the Official Receiver who is able to bring claims against Directors.
How Cheap Is A Liquidation?
A Liquidation can be done cheaply.
How cheap a Liquidation is will usually depend on factors such as the number of creditors, if there are any employees, the type of assets (if any) and the nature of the company’s shareholdings.
A more detailed explanation of how much does a liquidation cost can be considered but if you complete our quote form we will be able to get back to you quickly with an estimate of the cost to put your company into Liquidation.
GET IN TOUCH FOR HELP
For a free no obligation chat about any of the matters detailed above, please do get in touch for help. An expert will call you back or if you prefer exchange emails.
We can explore your situation and consider the best way to help you and your business needs. You can call us 020 3925 3613 or fill in the form below and will get back to you quickly. We Know Insolvency Inside Out.
Cheap Insolvency Practitioner Solutions For Limited Companies
Where there is a will there is a way. Do not despair and do not bury your head in the sand. We can overcome adversity together.
Creditors Voluntary Liquidation (CVL)
Closing a limited company is a complicated process. Oliver Elliot can advise you on various courses of action depending on the situation the company finds itself in.
Members Voluntary Liquidation (MVL)
A tax efficient mechanism we can use to help you wind up your company, obtain HMRC clearance to extract from your company your hard earned capital quickly.
Oliver Elliot handled the closure of my company, under MVL when I retired last year. This was done smoothly and efficiently to the complete satisfaction of all concerned. I found Oliver Elliot to be approachable and helpful and very patient in answering my questions & queries.
Director – Pauline Stoffberg
Oliver Elliot came recommended and was able to provide me with a clear understanding of how the liquidation process works. Oliver Elliot’s skills and experience were quickly apparent providing me reassurance matters would be safe in their hands. All steps of the process were dealt with swiftly and professionally and they were able to draw upon years of experience and contacts to ensure the process was completed as soon as possible and within the agreed fees.
Director – Ben Luget
Who we help…
Directors
Freeing up your hard-earned capital so that you can enjoy a tax-efficient extraction of funds.
Shareholders
Enabling you to conclude your interest in a Limited Company and enjoy the returns on your investment.
Accountants
Expertise at your fingertips for clients needing to release themselves from the burden of a company and seeking closure so that they might be able to retire their business.
Contractors
If you no longer need your Limited Company in light of IR35 and you do not want the ongoing cost of having to do accounts and returns then you can cheaply liquidate with us.
Free no obligation consultation
We have more than twenty years liquidation and business experience, helping Directors and Shareholder. Contact Us for a Free Initial Consultation.
