for business Archives | Connect Insolvency https://www.connectinsolvency.com/our-services/business/ Bespoke insolvency practice based in Newcastle upon Tyne Mon, 10 Oct 2022 08:06:49 +0000 en-GB hourly 1 https://wordpress.org/?v=6.1.10 https://www.connectinsolvency.com/wp-content/uploads/2017/04/cropped-connect_icon-150x150.png for business Archives | Connect Insolvency https://www.connectinsolvency.com/our-services/business/ 32 32 informal arrangement https://www.connectinsolvency.com/our-service/informal-arrangement/ Tue, 30 Aug 2022 13:22:06 +0000 https://www.sleeky.uk/clients/connect-insolvency/?post_type=services&p=286 Although not a formal procedure it may be possible to negotiate payment terms for certain debts, most commonly with HM Revenue & Customs.

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]]> company voluntary arrangement https://www.connectinsolvency.com/our-service/company-voluntary-arrangement/ Tue, 30 Aug 2022 13:21:52 +0000 https://www.sleeky.uk/clients/connect-insolvency/?post_type=services&p=285 A company voluntary arrangement, often referred to as a CVA, allows the directors of a company to put forward a proposal to the company and its creditors.

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]]> administration https://www.connectinsolvency.com/our-service/administration/ Tue, 30 Aug 2022 13:21:29 +0000 https://www.sleeky.uk/clients/connect-insolvency/?post_type=services&p=284 If your company is insolvent, or likely to become insolvent, then it could enter administration.

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]]> compulsory liquidation https://www.connectinsolvency.com/our-service/compulsory-liquidation/ Tue, 30 Aug 2022 13:14:27 +0000 https://www.sleeky.uk/clients/connect-insolvency/?post_type=services&p=275 Compulsory liquidation (or ‘winding up’) is, in most instances, instigated by a creditor of the company, by issuing a winding up petition in court for payment of an unsatisfied debt.

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]]> insolvency liquidation https://www.connectinsolvency.com/our-service/insolvency-liquidation/ Tue, 30 Aug 2022 13:13:58 +0000 https://www.sleeky.uk/clients/connect-insolvency/?post_type=services&p=274 A creditors’ voluntary liquidation or CVL is appropriate where a company is insolvent and is not capable of being rescued, usually because its underlying business is no longer considered viable.

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]]> solvent liquidation (mvl) https://www.connectinsolvency.com/our-service/solvent-liquidation-mvl/ Tue, 30 Aug 2022 11:39:19 +0000 https://www.sleeky.uk/clients/connect-insolvency/?post_type=services&p=270 When a company reaches the end of its natural life, perhaps due to the retirement of its directors, the end of a specific project, or a group reorganisation then a solvent liquidation, known as a Members’ Voluntary Liquidation or MVL could be appropriate. In certain circumstances an MVL can prove very tax advantageous when there are surplus assets available to be distributed to shareholders.

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