Depending on what situation your limited company is in will determine the advice you need, and finding an insolvency practitioner, and one you trust, can be a headache.
Mackenzie Goldberg Johnson Limited was established in 2004 to provide Licensed Insolvency Practitioner services to businesses and individuals in financial distress.
Based in Cheshire, we provide national coverage and have clients throughout England, Wales and Northern Ireland. The firm has grown steadily and successfully managed assignments in a wide range of enterprises and business sectors,
If your limited company is insolvent you have a duty as a director to consider whether to stop trading. If you do stop trading, then you will need a plan for the best way to close the company.
Your company is insolvent if:
- it cannot pay its debts as they fall due;
- it does not have assets, that if sold would pay off all the debts in full
- it cannot pay its debts as they fall due and it does not have enough assets to sell to pay off the debt in full.
As a director, you can employ the services of an insolvency practitioner (IP) to close your business. If you are searching for advice regarding how to deal with insolvency warning signs, then we offer a free no obligation advice, so even if you only have a question with regards to insolvency or business rescue, we can help.