Support of liquidation and restructuring processes of companies in the UK

Support of liquidation and restructuring processes of companies in the UK

Every business may face moments when radical changes are needed: restructuring, closing divisions or complete liquidation. To avoid legal, financial and tax risks, it is important to obtain professional support in a timely manner.
Consultant Law Firm provides a full range of services to support the liquidation, reorganisation and restructuring of businesses in the UK — from analysing the situation to completing all legal and registration formalities.

Legal support for company liquidation in the UK

Company liquidation in the UK can be voluntary (solvent liquidation) or compulsory (insolvent liquidation). In both cases, it is necessary to follow the strict procedure established by the Companies Act 2006 and the Insolvency Service guidelines.
Consultant's legal service specialists assist with:

1. Voluntary closure of a company (Members' Voluntary Liquidation, MVL).
2. 
   Liquidation of a company due to insolvency (Creditors' Voluntary Liquidation, CVL).
3. 
   Strike-off — simple closure of a company through Companies House.
4. 
   Preparing reports and publications in the Gazette.
5. 
   Interacting with liquidators, creditors, and HMRC.

Liquidation support includes consulting, preparing documents, submitting forms to government agencies, representing interests before creditors, and completing the process.

Business restructuring and corporate restructuring

Company restructuring in the United Kingdom is not only an anti-crisis measure, but also an effective tool for preparing for a merger, business sale or tax optimisation.
Restructuring can be external (changing the structure of a group of companies) or internal (changing the corporate structure of the legal entity itself). In any case, it must be competently planned, taking into account the requirements of legislation, agreements with counterparties and long-term business goals.
Business restructuring in the UK: main types:

• Mergers — the combination of two or more legal entities with the aim of consolidating assets, reducing operating costs and improving management efficiency. Often used to consolidate a business before an IPO or entry into new markets.
• 
  Demerger — the division of one company into several separate legal entities with the transfer of assets, personnel or areas of activity.
• 
  Transition from LTD to LLP or vice versa — the optimal solution in cases where the tax strategy or partnership model changes. For example, transitioning to an LLP allows for more flexibility in the distribution of profits among partners.
• 
  Transfer of assets/shares between structures — the formation of a new corporate structure for the effective management of property, intellectual property or the reorganisation of property within a group of companies. It is also used in cases of preparation for investment or the exit of participants.
• 
  Redomiciliation — transferring a legal entity to another country without losing its legal personality. Often used to optimise taxation or move a business to a more favourable legal environment.
• 
  Consolidation of subsidiaries or holding companies — merging several companies into one to simplify management, reduce administrative costs and avoid duplication of functions.

Consultant lawyers analyse risks, ownership structure and tax implications and prepare a legally sound restructuring plan.

Support with documentation

Properly prepared documentation is the key to safe liquidation or restructuring. We not only advise, but also take full responsibility for preparing and submitting all necessary forms.
The package of documents may include:

• Special resolutions;
• 
  Final accounts and statements (final accounts, DS01, LQ01, etc.);
• 
  Updated articles of association and internal regulations;
• 
  Agreement between participants on the new structure;
• 
  Notifications to creditors, government agencies, banks.

We will ensure that the documents fully comply with Companies House, the Insolvency Act and tax regulations.

Why choose Consultant?

Full legal support — from consultation to final closure/restructuring.

Protection of the interests of owners, directors, creditors.

Professional work with international structures.

Frequently asked questions about company liquidation and restructuring processes