With the involuntary closure of many businesses forced by the UK wide lockdown, previously successful companies are beginning to feel the strain, becoming more and more concerned with the future viability of their businesses.
When directors are facing the distress of placing their company into an insolvency procedure it seems ludicrous to then insist upon payment for the service. Cash flow is difficult, business assets are no longer at your disposal, and the interests of creditors is paramount. But there is a method of voluntarily liquidating an insolvent company, essentially for free, if you meet the qualifying conditions.
