Guidance for Business Owners Facing Debts
If your business is facing financial pressure, we will help you take back control.
✔ Stop All Legal Action Immediately
✔ Complete Protection From Creditors
✔ Free No Obligation Advice
✔ Lowest Price Guarentee
✔ Expert Insolvency Practitioners
100% Free & Confidential | No Commitment
Take Control of Your Business Debts Today
If you have mounting business debts and legal action (CCJs), speaking to a qualified insolvency practitioner can give you immediate relief and legal protection from creditors.
If your business cannot be saved, a Creditors’ Voluntary Liquidation (CVL) allows you to take charge of the process:
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Stop legal action: Instantly halts creditor contact, legal threats, and harassment.
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Stay in Control: You close the company voluntarily before courts force a closure.
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Write Off Debt: Unsecured company debts are legally cleared upon closure.
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Protect Yourself: Demonstrates you acted responsibly, reducing personal liability risks.
Get expert, confidential support today - completely free.
We'll Help You Navigate Business Debt
Understand Your Options
Our expert practitioners will take you through your options, including CVL, and provide you with a clear plan to move forward and clear your debts.
Reassure & Protect
We stop creditor pressure and legal action immediately, so you can take back control. We deal with all creditors, so you don't have to.
Map the Path Forward
We build a step-by-step rescue or exit plan. You will know exactly what to do next, ensuring you remain in control.
Get Your Free Debt Relief Action Plan
Free, No Obligation Advice.
Request A Call
Step 1: Fill out our quick 20-second form.
Step 2: Speak with a dedicated business debt expert. 100% free, no obligation advice.
Step 3: Receive your free options plan and a quote, should you wish to proceed.
Lowest Price Guarantee
To liquidate a UK business and clear its outstanding debts, you must appoint a qualified insolvency practitioner (IP).
We offer the lowest cost liquidation service - we will never be beaten on price. That's our promise.
Take action to avoid personal liability
If your business is in financial difficulty, we strongly advise you to take advice from a qualified practitioner as early as possible. The biggest mistake we see businesses make is continuing to trade and ignore the situation.
We advise you:
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Don't invest more money into your business
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Don't take on further debts / accrue additional credit
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Don't take on new loans or borrowing
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Don't take dividends
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Don't continue to trade and ignore the situation
Why work with us
Trusted
Quick & Low Cost
Director Protection
We're one of the UK's leading business insolvency practitioners; we've successfully guided thousands of businesses through liquidation.
We offer a fast and low cost liquidation service, providing 100% confidential & no obligation advice.
We specialise in providing complete protection to directors & business owners. We manage the whole process, taking away any stress.
How it works
01.
Get in touch
Complete our short form and one of our qualified team will contact you to better understand your circumstances and discuss your options.
02.
Free, no obligation advice
One of our qualified practitioners will talk you through your options, answer any questions you have, and provide you with a clear path forward. 100% free and no obligation.
03.
Liquidate your business
If you choose to go ahead, your company is formally wound up. Debts are cleared according to law, providing you with a clean break and complete debt clearance.
Satish
IT Contractor
"Great experience. I was really worries about my debts but they put me at ease straight away, talked me through my options, and handled everything from start to finish. I’ve now closed my old company and started again free of debt. 10/10"
Mike - Construction Business Owner
"Couldn't recommend them more. I had HMRC on my back and was in a bad way, but they reassured me, laid out what could be done, and managed the whole process. Would suggest it to anyone in a similar position."
Charlotte
Restaurant owner
"I was losing sleep over my business, thinking I was going to lose everything including my house. I had a chat with Emma, she reassured me, explained my options and gave me a clear route forward. It was literally like a weight was lifted"
simon - hospitality
I took out a bounce back loan during Covid and was struggling to repay it. I didn't know what to do, but Jon explained everything, and sorted the whole thing. Now I’m debt‑free and starting again - honestly brilliant service"
What our customers say about us
Will Creditors pursue me personally?
No, once you appoint an insolvency practitioner, such as ourselves, and we initiate a Creditors Voluntary Liquidation(CVL), creditors will no longer pursue you and we will manage all correspondence with them.
There are some specific circumstances in which they may pursue you, however we will advise you on this and ensure we minimise any personal liability.
How much does it cost?
In the vast majority of our client cases, liquidation (CVL) costs between £1,999 - £2,999 with absolutely no hidden costs or additional fees.
How long does the liquidation process typically take?
The initial appointment of a liquidator can usually be completed within days. The actual realisation of assets and final closure of the company's affairs can be complete within 1 month, depending on the complexity of the business structure and its assets. LCL specialise in fast liquidation and are able to achieve this for our clients in most cases.
Can I start a new business after liquidating my limited company?
Yes, directors are generally free to start new ventures. However, you must comply with strict regulations regarding the reuse of the insolvent company's name and ensure that any new business is established legally and transparently. We will guide you through this process.
Is liquidating a limited company lawful?
Yes, liquidating a limited company is lawful in the UK when it is done through one of the formal procedures set out in the Insolvency Act 1986 and overseen by a licensed insolvency practitioner such as LCL. The law provides several legitimate routes depending on whether the company is solvent or insolvent.
What happens to my Bounce Back Loan in liquidation?
In most cases, Bounce Back Loans are treated as unsecured company debts and are written off when the company is liquidated, unless you have given a personal guarantee or committed fraud.
I’m not sure if my company needs to be liquidated — what should I do?
You’re not expected to know the answer straight away — most directors we speak to are unsure at this stage. The important thing is to understand your position clearly before making any decisions. In some cases, liquidation is the right option. In others, there may be alternatives.
A short, confidential conversation can help you understand where you stand and what your next steps should be. There’s no obligation, and no pressure to proceed.
Will I lose everything if I liquidate my company?
Not necessarily. Liquidation is a structured process designed to deal with company debts in an orderly way. For many directors, it provides a clear way to draw a line under the business and move forward.
What happens next depends on your specific circumstances, but many directors go on to start new businesses or continue working without issue.
FAQs: Closing limited company with debts to HMRC
Our Story
About us
We specialise in delivering fully compliant, stress‑free business liquidation, giving company directors the clean break they need to move forward with confidence.
For over a decade, we’ve supported business owners across the UK with fast, cost‑effective liquidation solutions.
Our reputation is built on transparency, efficiency, and total peace of mind.
Every case is handled by our team of qualified insolvency practitioners (IPs), keeping things as simple and hassle‑free as possible for you.
We understand that facing financial difficulty can be overwhelming. That’s why we’ve designed our service around speed, clarity, and complete director protection, allowing you to draw a line under the past and focus on the future.