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Company Closure

Britain’s Insolvency Landscape

Britain’s Insolvency Landscape – 50,000 Companies on the Brink

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Latest reports show that almost 50,000 companies are now on the verge of collapse, struggling under the combined weight of tax hikes, inflation, and ongoing economic instability. For many directors, these challenges aren’t abstract statistics; they’re the daily reality of running a business right now. At Simple Liquidation, we’ve seen firsthand how quickly financial strain […]

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Close a Limited Company in 2025

How to Close a Limited Company Without Paying Tax in 2025?

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Closing a limited company in the UK requires careful planning to maintain compliance with legal obligations and to minimise tax liabilities. While it’s impossible to entirely avoid taxes, selecting the appropriate closure method can help you close a limited company without paying excessive tax. By understanding the available options, you can make sure the process

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Pre-Pack Administration

The Crucial Elements of Pre-Pack Administration Every Director Should Know

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In business insolvency, pre-pack administration is an essential process every director should be familiar with. This mechanism allows struggling businesses to quickly and efficiently sell their assets while in administration, often preserving the company’s brand and saving jobs. Understanding what’s involved with pre-pack administration can significantly impact the outcome of a distressed business. This blog

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Voluntary and Compulsory Bankruptcy

The Major Differences Between Voluntary and Compulsory Bankruptcy

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In business and personal finance, the terms ‘voluntary bankruptcy’ and ‘compulsory bankruptcy’ often surface when discussing insolvency and liquidation. Understanding the difference between the two is important for anyone experiencing financial difficulties in the UK. What is voluntary bankruptcy? Voluntary bankruptcy occurs when an individual or a company, unable to pay debts as they fall

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compensation after company closure

Do Companies in the UK Give Compensation When It Closes Down?

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Business closures are a natural part of the economic cycle. UK Companies may face closure due to financial challenges, market shifts, or strategic decisions. When a company decides to close, it triggers complex processes affecting employees, creditors, and shareholders. In the midst of this, a common question arises: “Do companies provide compensation after closure?” Understanding

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Legal Advice in Winding Up

The Importance of Legal Advice in Winding Up a Company

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There are moments in business when tough decisions must be made. One such decision is the winding up of a company. Whether due to financial difficulties, restructuring, or simply the end of its lifecycle, the process of winding up a company can be legally and emotionally challenging. Financial difficulties can arise due to various reasons

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Steps Involved in Winding Up a Company

What Are the Steps Involved in Winding Up a Company?

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There are two ways of voluntarily winding up a company; either through a Creditors Voluntary Liquidation (CVL) if the company is insolvent, or a Members Voluntary Liquidation (MVL) if the company is solvent. With a CVL, the company is insolvent, i.e. its debts outstrip its cash flow and assets, and its creditors’ are demanding payment. 

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