Bridgestones is one of the North West's leading providers of financial solutions to both businesses and individuals, having difficulties in the current financial climate. With over 100 years of combined experience in resolving the problems faced by Directors and individuals, we have the skill and the knowledge to give the help and advice that allows you to concentrate on the future and deal with the difficult past.
Our advisers are able to cover the whole of the UK to discuss suitable financial solutions with you, in order that the best possible advice can be tailored to your particular situation.
Our advisers are able to cover the whole of the UK to discuss suitable financial solutions with you, in order that the best possible advice can be tailored to your particular situation.
Services
Compulsory Liquidation is as a result of a court order that follows a Winding Up Petition issued by a creditor. This is a formal legal procedure taken against a company as it means that the company has failed to meet its liabilities despite being asked to do so. As a result, the creditor in question can serve a Winding Up Petition against the company.
If your company has reached the point where it ceases to trade and is no longer required, its directors can arrange to have the company struck off and dissolved via a DS01 application. You might find that a Members Voluntary Liquidation ("MVL"), a solvent liquidation process, will be more suitable to your company.
A Members Voluntary Liquidation ("MVL") is a tax-efficient way of distributing the assets of a solvent company to the shareholders. A MVL is the most common method for directors and shareholders to realise company assets, including physical assets such as buildings, motor vehicles, and plant & machinery as well as cash at bank.
Although it may be the kind of government body that most of us would much rather never have to deal with, the Insolvency Service provides advice, assistance and a framework to help deal with the issues that arise in cases of both personal, and corporate insolvency in England and Wales.
As part of the government's department for Business, Innovation and Skills (BIS), it provides regulation and guidance when either an individual becomes personally insolvent, for example, bankruptcy, or a company suffers corporate insolvency, for example, through liquidation.When an individual becomes insolvent - that is, unable to repay debts to their creditors - the solutions to the situation can take a number of forms.
As part of the government's department for Business, Innovation and Skills (BIS), it provides regulation and guidance when either an individual becomes personally insolvent, for example, bankruptcy, or a company suffers corporate insolvency, for example, through liquidation.When an individual becomes insolvent - that is, unable to repay debts to their creditors - the solutions to the situation can take a number of forms.
If your company is struggling to pay its creditors and is starting to face pressure, then company administration could be a solution to consider. An Administration Order is a court order that stops anyone taking legal or enforcement action against your company, whilst a way forward is agreed. An Administration Order can be obtained very quickly, so protection from aggressive creditors helps the business and not shut it down.
