Take advice from us without delay. We are a firm of regulated Insolvency Practitioners who will give you clear, no nonsense advice about the financial position of your company. Call Tim Corfield, Janet Peacock at the local Hereford office to advise you now. We will see you later today, or over the next few days, if necessary. We will agree with you how you are to proceed.

My limited company is insolvent. Who do I need to tell?

Our advice is, ‘don’t discuss the company position with anyone until you have taken advice and have a plan of action in place’. We are a firm of regulated Insolvency Practitioners and we will agree with you a clear, no nonsense plan as to how to proceed. Call Tim Corfield, Janet Peacock at your local Hereford office to advise you now.

My limited company is insolvent. Will it affect me personally?

It could do. There are many issues to think about – the most important is whether you have provided personal guarantees to the bank or suppliers. There are other issues such as wrongful trade, transactions at an undervalue, or preferences that may be further investigated by the Insolvency Practitioner – but these are less likely.

My limited company is insolvent. How much will it cost me to put the company into liquidation?

The most common process to deal with the liquidation of a limited company is called a creditors voluntary liquidation. Only a licensed Insolvency Practitioner can act as liquidator of a company and we would be pleased to discuss fees and costs with you. If there are assets of the company, there may well be no charge to any director of the company. No director would be liable for any fees of the liquidator unless he agrees, in writing to underwrite these fees. If there are no assets of the company and the director needs to underwrite liquidators’ fees these start at £2000 plus VAT, in very simple cases (including disbursements).

We have assisted many local Herefordians with company liquidation – view some more testimonials and see how we have helped.

If you would like further information on Company Insolvency please contact Griffin & King Insolvency Practitioners on 01432 291013, and speak to Tim, Janet. You can also contact Janet by email on janet.peacock@griffinandking.co.uk, or by text or calling on 07545 806531.

Regional Locations

  • Walsall 01922 722205
  • Birmingham 0121 371 9231
  • Bournemouth 01202 355348
  • Cannock 01543 401377
  • Hereford 01432 291013
  • Redditch 01527 531350
  • Rugeley 01889 529273
  • Shrewsbury 01743 491239
  • Stafford 01785 318768
  • Stoke 01782 580886
  • Tamworth 01827 849961
  • Wolverhampton 01902 489657