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Company details for Company Debt Ltd

Company Debt Ltd

  • 0800 (Display number) 08000 746 757
Langley House
Park Road
 London N2 8EY United Kingdom

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Compulsory Liquidation

Compulsory Liquidation

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Compulsory Liquidation is the most serious situation a limited company can face, resulting in its forcible closure by creditors.

The main reason most company directors seek to avoid compulsory liquidation is because the process requires one or more creditors to spend considerable money issuing a winding up petition, which can mean they are more hostile to company directors.

Compulsory liquidation often makes an already stressful time for directors worse with the worry that any liquidator chosen by creditors in a compulsory liquidation may look very carefully at every action taken by the directors in the lead up to insolvency.

If you are a company director, taking early action if your company may be insolvent can avoid compulsory liquidation and enable the often preferable option of voluntary liquidation.

Get in contact with our insolvency practitioners today to find out how we can help you potentially avoid compulsory liquidation our full guide to the meaning and process below, covering cost, implications and timeline.

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About us

With over 10 years’ experience in providing company turnaround and rescue practices, Company Debt Ltd cater for a number of businesses across the globe, whether they are small, medium or large. 

Our company are established innovators in the provision of online insolvency services, offering support and advice wherever possible to ensure that our clients receive tailored solutions for their specific circumstances. 

We work closely with each individual client and address their cases delicately and professionally, therefore helping any business in distress.  Our solutions are cost effective and guaranteed to last, offering a unique and innovative outlook on the situation at hand.  No matter how challenging your situation may be, we as a company strive to ensure a significant decrease in negative stress that is associated with the difficulties they may be facing. 

 

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Latest Reviews

Company Debt Ltd

Mike and his team provide the support and advice necessary for any director under siege by creditors.They absorb your pressure and deal with all the liquidation issues leaving you free to move on. I completely recommend their service.

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Company Debt Ltd

I don't leave many reviews but Company Debt really helped me out last year when I have to close my company. They made a terrible period a lot easier. Recommend them to anyone having debt issues.

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Company Debt Ltd

Our limited company had started to have financial difficulties so I decided to contact professionals to help me deal with the issues at that time. I had been put onto Mike Smith who has been excellent support from day one.I have been advised about rescue solutions for our company which I did look into. Unfortunately, our business is seasonal, and after few months our situation started to be critical, and after consulting with Mike, we have decided to liquidate the company. Mike has advised me in detail about the process and helped me to get in touch with liquidators and insolvency practitioners who have been taking over all important stuff.As this was my first director experience, I didn’t know what to expect, and I was under extreme pressure. Mike and everyone who has been involved has given invaluable support, and without their help, this process would have been an absolute nightmare.If you ever get into a similar situation, I highly recommend getting in touch with Company Debt who will guide you through the “scary” but simple process and help to take a lot of pressure off Directors’ shoulders.

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