In this section, we’ll be looking at what is normally the best way for directors to bring to an end an insolvent limited company which has assets, creditors voluntary liquidation.
Liquidations are thought by many to be an entirely negative process. Here at Midlands Business Recovery we see them more like a fire in the the Outback – sure, they do destroy, but they also ‘refresh’: they give tired businesses and their owners a new lease of life! So before you go on we recommend that you follow the link, ‘helping you cope with failure’, because how you choose to go into liquidation will determine whether it’s a positive experience for you, or not, and how you come out the other end. You have the choice!
We understand that you are probably at your lowest ebb at the moment. We see our role as not only dealing with the legal process – any insolvency practitioner can do that – but also helping you come to terms with the liquidation of your company by turning it into part of a rebuilding process. This doesn’t mean we don’t carry out our work in the liquidation properly, once appointed as liquidators our prime role is to look after the creditors’ interests. However the way in which we approach our work pre and post liquidation is very different from our competitors, who deal with the legal process and forget the person and their long term goals. Our focus is on securing a permanent solution rather than a temporary fix. It may sound unusual but we pride ourselves on our lack of repeat business! – clients don’t have to go through another insolvency process some time down the line.
What would you rather like to see? Liquidation as a painful experience which produces a short term fix or something that will involve some pain but is for the longer term good?