ADVICE & SOLUTIONS FOR COMPANY OWNERS AND DIRECTORS
We work with the owners and directors of small and medium sized companies in Cardiff and Newport areas.
Call us today for free and confidential initial advice. We can review your options with you to find the best way forward.
We work with the directors and owners of limited companies and provide expert advice and services. Whether you run a small family based operation, or a larger company with extensive staff, premises and equipment, we can help.
As an independent local practice we understand the challenges facing companies in recent years. Businesses are facing a difficult trading environment. Demand in many sectors has reduced in recent years. Profitability can be tough when paying off bounce back loans, historic tax balances and bank borrowings, in addition to the recent rises in utility bills, supplies, rent and rates.
We will review your options with you and give you the information you need to make the right decisions, both for the company and for the individuals involved. Taking professional advice at an early stage can prevent personal financial pitfalls later on.
Call us today and speak with our Insolvency Practitioner for free and confidential professional advice.
Insolvency Services:
COMPANY VOLUNTARY ARRANGEMENT
A Company Voluntary Arrangement (CVA) enables a company to enter a financial agreement with its creditors. The most common type of CVA provides for monthly contributions over an agreed period of time which are then distributed to the creditors.
A CVA benefits the company because it makes debt manageable and allows the company to continue trading under the control of the directors. Creditors benefit from a CVA by receiving a greater return than they would receive if the company ceased trading.
Whiteoak Morris work with you to put together a well considered plan that is affordable. We draft the paperwork and liaise with the creditors.
Call us today for free confidential advice.
A Creditors’ Voluntary Liquidation (CVL) provides a means to wind up a company which is no longer viable.
There is no requirement for directors or shareholders to personally fund the cost of the liquidation. Advice should be sought early to ensure directors cannot be criticised for running the company when the losses should have stopped or the assets have been unnecessarily depleted.
Whiteoak Morris work with you to close the company in a professional way. We draft the paperwork, work with any employees to ensure they receive their entitlements and we liaise with the creditors.
Click here for our Comparison of Creditors’ Voluntary Liquidation and Compulsory Winding Up and our Guide to Creditors’ Voluntary Liquidation.
Call us today for free confidential advice.
CREDITORS' VOLUNTARY LIQUIDATION
MEMBERS' VOLUNTARY LIQUIDATION
A Members’ Voluntary Liquidation (MVL) is a tax efficient way to close a solvent company and release the assets held to the shareholders. Funds are paid out as a capital distribution, rather than as a salary or dividends, enabling shareholders to benefit from lower tax rates.
The MVL process is often used when a company has ceased trading but is holding assets. The MVL allows these assets to be distributed out to shareholders at a reduced tax rate.
Call us today for free confidential advice.