To The Directors

We will seek to bring the light back into your life

How Can SCRLUK help?

CONTINUE BUSINESS TRADING

SCR is here to give you Professional Support. This includes help to Accelerate Cashflow, Defer Payments, Collect Debts, Defend Demands, Prevent Distraint and avert Winding Up Petitions.

CLOSE YOUR COMPANY

SCR will fully manage a Trouble Free Closure, helping protect you from Personal Liabilities by fast Creditor Settlement. SCR can also handle a positive Creditors Voluntary Liquidation.

RESTART THE BUSINESS

SCR will help restart your business as a debt free company, which legitimately acquires all your existing Assets, Contracts and Customers on an affordable basis.

Service & Solutions

We work with licensed Insolvency Practitioners and are able to assist in all formal insolvency procedures if it should come to that.

Restructuring

Financial restructuring is the reorganisation of a business’s assets and liabilities.
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Creditors Voluntary Liquidation (CVL)

A Creditors’ Voluntary Liquidation is a process which enables Directors to voluntarily & formally close an insolvent company.
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Members Voluntary Liquidation (MVL)

A Members Voluntary Liquidation (MVL) is a formal process for closing down a solvent company in a cost-effective way
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Compulsory Liquidation

A compulsory liquidation is the result of a winding up order. It is the last resort for creditors seeking to reclaim monies when all else has failed
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Company Voluntary Arrangement (CVA)

Allows a company to continue trading while paying back creditor debts in set amounts via an insolvency practitioner.

It enables the company to avoid liquidation, improve cash flow and ease creditor pressure.

Winding Up Petition

A Winding Up Petition is a serious threat to a company which aims to force it into Compulsory Liquidation.

It can be issued by a creditor who is owed £750 or more and calls the firm to cease trading.

Time to Pay Arrangement

Introduced in 2008 to help companies handle their HMRC tax better by offering the option to pay in instalments.

Liabilities are spread out over a period of 6-12 months (exceptions can be made for this to be longer.

Members Voluntary Liquidation

A Members Voluntary Liquidation (MVL) is an option for solvent companies wishing to shut down.

It holds great tax advantages for directors and shareholders and allows assets to be efficiently distributed and liabilities settled.

Company Administration

Company Administration is an option for companies facing insolvency.

Licensed administrators are called in to help the firm decide whether their business is salvageable.

Creditors Voluntary Liquidation (CVL)

When a company voluntarily decides to shut down.

A CVL may be the solution if your company is suffering from creditor pressure or cash flow difficulties.

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