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Case study on liquidation of company

38 5 months ago
The UK's Market Leader. Affected by Covid? Restructuring or Closure. Home Voluntary Liquidation Case Studies.
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Liquidation of a Company: Advice, Risks and the Process

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Case Studies - Creditors' Voluntary Liquidation - Begbies Traynor

This plumbing company had held its own for 11 years, but the Directors had, over time, found themselves a little out of depth; they were tired and overworked, with bad debt and arrears causing stress. We met with the two Directors and helped simplify their seemingly complicated situation, breaking down their options and helping them make the right decision for their health and happiness, and that of their staff. The decision was made to close the business and the company was into a liquidation within four days. The vision of two Directors, this plumbing company had been incorporated for 11 years. As the business grew, so did their staff force and for the last 5 years of trade, they had a team of 4 employees delivering their services. When we met the Directors of this company, it was clear they had taken a lot on their shoulders. As a result, communication and strategic planning and fallen by the wayside.
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Testmonials and Case Studies

Wayne was fantastic at putting me at ease and throughout the whole insolvency process, it was less stressful than I had first anticipated; many thanks Wayne. I must say the the professionalism and personal touch of the whole team was exemplary. From the first introductory meeting all the way through the final insolvency process. What was a significant factor in my decision to assign KSA Group was the feedback given by previous clients and the sensitive way in which my case was dealt with because the circumstance leading up to the difficult decision to apply for insolvency were extra ordinary.
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For most companies, dealing with liquidation is a new experience and one that prompts numerous questions. Company liquidation can be done as a voluntary liquidation or a court ordered, forced liquidation, where a liquidator is appointed to oversee the process. Rabin has extensive experience with bankruptcy, insolvency, and corporate restructuring, and our goal is to realize maximum value for every client. Our company liquidation services are all-inclusive — we will guide you through every step of the process.
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