Liquidators are people you will (hopefully) only need to consult with once in your business life, so finding the right one can be very daunting. There are all sorts of Liquidation companies around, some offer a mass volume service with very little thought for the individual companies involved. Some offer a highly personalised [...]
Category Archives: Liquidation Advice
Disposing of Assets before Liquidating your company.
June 7, 2010 – 9:15 am
There use to be a myth that you could sell all your assets for a £1 and that would stop them being sold at auction. Unfortunately, it is just that – a myth. If you are going to sell assets before you liquidate your company, make sure you are not underselling them.
One of the first [...]
Your Company’s Liquidation and Personal Guarantees
June 6, 2010 – 4:15 pm
A large number of lenders will ask for a personal guarantee when you accept their offer of finance. What does a personal guarantee actually mean? It means that if a company cannot pay the debt (i.e. it goes into Voluntary Liquidation), you will honour it. This isn’t the same as the debt being [...]
Important aspects of the liquidation process
May 25, 2010 – 2:12 pm
Liquidation is the only viable option left when you cannot continue to run your business. It is however advisable that you become acquainted with the liquidation process to avoid any problems when your business is winding up. The following are some of the important factors that constitute an important part of the liquidation procedure.
Review the [...]
Things you need to know about liquidating a business
May 21, 2010 – 2:08 pm
Liquidating a business involves many different steps. If you have decided to liquidate your business, there are some important things you need to do. And, appointing a liquidator is one of the first things. Liquidators are responsible for taking a business through the complete liquidation process. They are also responsible for bring a business to [...]
Pre-pack administration – How and why is this process used?
May 17, 2010 – 4:36 pm
Most company owners and managers will agree that financial ability and liability are some of the biggest problems companies can face. Nonetheless, these are a frequent occurrence and they can result in more problems for companies, often bankruptcy. So, how do business owners deal with bankruptcy? Of late, more and more business owners have been [...]
How liquidating a business help you
May 15, 2010 – 9:00 am
If you are planning to run or start a new business, besides profit making strategies, you will also need to think about what you need to do if your business suffers substantial losses. In such unfortunate cases, liquidating a business would be the last and the best option to go for. Company liquidation is the [...]
Simple guidelines to liquidate your business
May 13, 2010 – 11:07 am
Many business owners have to opt for liquidation because of a major financial crisis. However, many other reasons might also compel you to choose this particular path. Whatever the reason for liquidation, you need to do certain things to ensure that the procedure takes place smoothly.
Furniture items and office equipment
You should [...]
Factors to consider when liquidating your assets
May 12, 2010 – 3:38 pm
Liquidation has become common in the current economic scenario. A major financial crisis, downsizing or shifting to a more economical space are some of the reasons for choosing company liquidation. Here are some ways in which you can get the most out of liquidation.
Liquidation of your Furniture Assets
Office furniture is always a major [...]
What are the different types of liquidation methods?
May 10, 2010 – 12:52 pm
Most people consider liquidation as the premature end of a business. On the contrary, company liquidation or business liquidation can prove to be a new beginning. Therefore, it is recommended that you get familiar with the different types of liquidation processes so that you can deal with the process a lot more easily.
What is [...]