Swansea Company Insolvency Help
Welcome to Begbies Traynor Group Swansea. We are a group of licensed Insolvency Practitioners in Swansea offering services to help companies with either rescue or closure options.
There are a nationwide network of Begbies Traynor Group offices around the UK and each of them is staffed with leading specialists in insolvency-related subjects including administration, liquidation, receivership and corporate recovery. However serious or small-scale your financial problems might be, Begbies Traynor Group experts can help you to understand them more clearly and outline the options available under any variety of circumstances.
Seeking out assistance in a moment of real financial distress is not easy but it can be the first step towards a brighter future for yourself or your company. Issues around insolvency and debt can be complex and obtuse but with the right support it is always possible to find a positive way forward, even where tough choices have to be made.
If you are based in or around Swansea then you can contact our office in the city directly to arrange a fully confidential, free initial consultation. We also have an office in Cardiff and at locations throughout England and Scotland.
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.
