Put an End to Creditor Pressure Today with a Cheap Liquidation
We offer fast, hassle free insolvent company liquidation support to help directors take control and stop creditor pressure.
Need Assistance?
Speak to an expert today.
Verified by associations
Why Cheap Liquidation?
Dealing with a distressed company? Don't do it alone. We have over 4 decades of company liquidation experience and are here to give you the friendly, honest, and straightforward advice you need. Whether you're a sole director, small business or part of a larger company, we can help relieve the pressure you're under and put an end to this extremely stressful time.
Speak to a Cheap Liquidation insolvency expert for a free non obligational consultation.
0333 052 2856Instruct Cheap Liquidation for your hassle-free liquidation now.
MESSAGE USLeave it to Cheap Liquidation. We’ll close your company & handle your creditors today.
Need to repay a Bounce Back Loan?
If you have an outstanding Bounce Back Loan which you cannot repay, strike-off is not an option and to close the company you will need to use the formal liquidation route.
As part of this process, all assets of the company will be identified and sold, with the proceeds going towards repaying creditors as much as possible. Any remaining debts after the liquidation is finalised are written off – including Bounce Back Loans.
What if I have a personal guarantee?
As Bounce Back Loans are guaranteed by the Government, directors did not need to provide a personal guarantee. Therefore, if your company is unable to repay due to liquidation, the Government will repay any remaining outstanding monies to your bank, following liquidation, rather than the company directors.
You may, of course, have provided a personal guarantee in respect of an additional loan in which case Cheap Liquidation can offer professional advice on how this may impact on you.
Insolvent Company Liquidation FAQs
Insolvency usually means the company can’t pay its debts when they fall due, or its liabilities exceed its assets. Getting advice early helps you understand your options.
Call us on 0333 052 2856 today for more information or advice.
Yes. Insolvent companies often close through a formal process such as a Creditors Voluntary Liquidation (CVL), handled by a licensed Insolvency Practitioner.
Call us on 0333 052 2856 today for more information or advice.
Employees are normally made redundant as part of the process. Depending on eligibility, they may be able to claim certain payments such as redundancy or unpaid wages.
Call us on 0333 052 2856 today for more information or advice.
HMRC becomes a creditor in the process. The liquidator manages creditor communication and follows the formal steps required.
Call us on 0333 052 2856 today for more information or advice.
Get confidential advice as soon as possible. Understanding your options early can help reduce pressure and avoid escalation.
Call us on 0333 052 2856 today for more information or advice.
Call us today for advice on:
0333 052 2856What our clients say
“I’ve worked with the team at Cheap Liquidation for over ten years now. They are my first choice to guide my clients through the Liquidation process”- Mark H, Accountant
“I know that my clients will get the right advice and be treated fairly by the team at Cheap Liquidation”- Hayley G, Solicitor