Published: 06/04/2022 By Hannah McCormackIf you think you need to close your business here at turpin barker armstrong we have access to exit options only available to members of our insolvency profession. We will almost certainly have a business exit solution to meet your needs.
TBA's services include:
Company Voluntary Arrangement (CVA)
Creditors Voluntary Liquidation (CVL)
For solvent companies there is a procedure called a Members Voluntary Liquidation (MVL), here we can assist in realising assets and discharging any remaining liabilities. The remaining funds can then be distributed to the shareholders accordingly and the company is then dissolved.
Not all our advice leads to an official insolvency procedure, we specialise in business turnaround and would always suggest directors seek advice sooner rather than later so we can try to rebuild and turnaround a business in financial trouble.
Give us a call for a free initial appointment to discuss how we may be able to help you.