A Creditors Voluntary Liquidation or CVL is a process for an insolvent company that cannot repay all its debts in full, forcing the company to cease trading. A CVL allows you to take control of the process before any unwanted legal action is taken against your Company by a Creditor or H M Revenue & Customs.
When you are ready to proceed, we will prepare all the necessary statutory-compliant documentation and endeavour to work with you to minimise any additional Creditor pressure.
Parker Walsh will assist your employees, and where possible the Directors, to make claims from the Government’s National Insurance Fund for wage arrears, holiday pay, notice pay and redundancy pay.
We understand that sometimes a company cannot raise enough money from its assets to cover the cost of the liquidation, making you liable for this personally. Parker Walsh will work diligently to keep these costs as low as possible.
Unlike other Insolvency Practitioners, we include the cost of expenses in the price we quote you, giving you peace of mind that there will be no additional unforeseen costs.
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