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Article

How do I wind up my business?

Article

How do I wind up my business?

17 Mar 2021

1 minute read

Winding up the business is not always about insolvency, it can be about shareholders releasing their investment in the business in the most efficient way. If you are looking to wind up your business there are a number of areas that you need to consider

How do I wind up my business? - news article image

How do I wind up my business?

Winding up the business is not always about insolvency, it can be about shareholders releasing their investment in the business in the most efficient way. If you are looking to wind up your business there are a number of areas that you need to consider, these include:

  • Realising the value of your assets
  • Paying all creditors in full
  • Ensuring all taxes owed to HMRC are paid in full
  • Terminating all employee contracts with any compensation settled

Author:

Hayley Simmons

Partner, Head of Insolvency & Advisory

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Author:

Hayley Simmons

Partner, Head of Insolvency & Advisory

Need expert advice?

Speak to an expert for advice on
+44-1865 292200 or get in touch online to find out how Shaw Gibbs can help you

Email
info@shawgibbs.com

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