Portsmouth Company Insolvency Help
Licensed Insolvency Practitioners
Welcome to UK Debt Solutions in Portsmouth where our team of licensed insolvency practitioners, liquidators and business rescue experts provide specialist support for company directors.
Based in Portsmouth, our dedicated team offer directors a FREE face-to-face consultation to get to the root of the issues you are experiencing and recommend the best way forward for your business.
Whether your company is experiencing short-term financial problems with a realistic chance of a turnaround, or the issues are more serious and insolvency is inevitable, we can talk you through your options in a simple and straight-forward manner.
If liquidation proves to be the best course of action, the options available to you are dictated by whether the closure is compulsory or voluntary.
If you have received a winding-up petition, this would be a form of compulsory liquidation - the most common route of company closure where an unhappy creditor has petitioned for your company to close due to being unable to meet its liabilities. You should consult with a licensed insolvency practitioner if you have received a winding-up petition; the effect of compulsory liquidation being forced upon your business will lead to investigation by the Official Receiver. It is always best practice to wind up your business voluntarily and take control - this is known as a Creditors' Voluntary Liquidation or a CVL which we can assist you with.
If your company is solvent but you wish to place it into liquidation, the procedure is called Members' Voluntary Liquidation - commonly known as an MVL. Voluntary liquidation of this nature is the best course of action for closing companies of a complex structure and represents the most tax efficient liquidation process.