| I need help to shut down my company | | | | action for wrongful trading being taken against you |
| | | | should the company eventually fail, owing ore money. |
| Everyday we get call from company directors who | | | | If you are at this stage, then Help With Debt is the right |
| say I need help to close down my company. They are | | | | company to talk to. We helped companies shut down |
| typically small business owners often working with a | | | | every day of the week. A great many of these also |
| best mate on a venture which pays both of them a | | | | start up again with the same directors, operating from |
| wage. They may employ one or two people, but | | | | the same premises, with the same business. The |
| probably no more. When times are tough the | | | | difference is that they are debt free. Crown debt is |
| employees get paid but not the management. | | | | often a burden that a small business finds impossible to |
| If you need to shut down your company it is probable | | | | carry. The threat from the Inland Revenue can be |
| that:- | | | | daunting and the possibility that they will pursue you |
| You have run out or are running our of orders | | | | personally, too great a risk. |
| You cannot pay a supplier for materials you need | | | | What we do is take the worry away from you. From |
| You have been placed on stop by suppliers for a | | | | the moment that we are instructed, we will begin |
| bounced cheque | | | | preparations to close the business. We will prepare a |
| You have had a demand from the Inland Revenue or | | | | statement of affairs, contact your creditors to explain |
| VAT | | | | the situation and then hold the meeting at which the |
| You have reached your overdraft limit and cannot | | | | business will close. |
| borrow any more | | | | We can help you set up a new limited company. We |
| You have put all your savings into the company to | | | | can assist with the purchase of assets from the |
| keep it afloat | | | | liquidator and create the opportunity to fund your |
| These are typical signs of a business in distress. If you | | | | business going forward out of cash flow. |
| have these problems and you do not think that you | | | | Within as little as three weeks the old company can |
| can trade through them then you need to shut down | | | | be closed and a new company operating. |
| your company. A failure to do so may result in an | | | | |