Sheffield Company Insolvency Help
Welcome to the Sheffield office of Begbies Traynor Group. We are a leading professional services consultancy, providing independent expert advice and solutions across a broad spectrum of areas including corporate and personal insolvency, restructuring, corporate finance, transaction services, forensic services, pensions advisory, capital management, real estate advisory and commercial funding.
Our Sheffield office is headed up by Kris Wigfield, and along with his team, he can offer expert advice in a number of different areas including corporate recovery and insolvency, personal insolvency, investigations, finance broking, general corporate advisory and creditor services nationally, advising you on your current circumstances with clarity and in confidence.
A Members’ Voluntary Liquidation (MVL) is a formal company closure process for solvent companies. Although liquidation is often associated with insolvent companies, this route is designed for healthy, cash-rich businesses with a substantial amount of retained profits. The MVL process consists of distributing funds in a cost-efficient manner to shareholders, and if eligible, you may be able to access Business Asset Disposal Relief, formerly known as Entrepreneurs’ Relief. If you can settle liabilities within 12 months and your business consists of £25,000 or more in retained earnings, an MVL may be the route forward.
