3 Basic Definitions of an Insolvent Company

How do you know if your business is insolvent?

  • The cash-flow test
    • Can your company pay its debts as and when they fall due for payment? If not, then your company is insolvent.
  • The balance sheet test
    • Does your company owe more than it owns, or are the company's assets exceeded by its liabilities? If yes, then your company is insolvent.
  • The legal action test
    • If a creditor has obtained a County Court Judgement, even if the debt was disputed, this is deemed to demonstrate your company’s insolvency.
Is Your Company Insolvent? YES? Call 0845 409 4471 for further advice.

About How To Close Company

How To Close Company is a trading style of Forbes Burton ltd. We are a specialised company dealing with company closures, liquidations and dissolutions.

We have a small but dedicated team of professionals all of who seek to ensure that our clients are put first. It is our job to make the lives of our clients as simple as possible through the services that we offer we alleviate the pressures involved with winding up a business.

We deal directly with creditors, HMRC and Companies House and our long standing experience helps expedite the process of a company closure.

The 'How To Close Company' site has plenty of freely accessable information and puts you in touch with a small but professional team from Forbes Burton who specialise in helping business owners to close their company quickly and cost effectively.

We are Specialists in all procedures for winding up a company and aim to use dissolution as an alternative to liquidation. Dissolving a company can reduce the cost of winding up a business and we, through our experience and knowledge are adept at overcoming the common issues which present themselves to business owners which opt to use strike off as their closure method.

If you want more information on the 'how to close company' process, you have nothing to lose but the few moments it takes to make the call and everything to gain by talking to us. Our Free guide (use the form on the right to get yours) can help outline many of the functions of dissolution / strike off and help you understand why it is a valid and acceptable alternative to liquidation. not only could you save thousands of pounds in costs but you could potentially wipe out debt your business is burdened with.

Why Strike Off Your Company?

Are you asking yourself “should I close down my company?” but unsure how to proceed?
By acting quickly you may prevent your company’s financial situation from deteriorating further or even the possibility of fraudulent / illegal trading , and spare yourself the added burdens of the legal, financial and personal toll of dealing with a full blown company liquidation procedure.

Company Strike Off may be the solution, and by acting early the cost will be minimised.

To find out more about Forbes Burton please visit our main website www.forbesburton.com