Based in No 7, Fitzwilliam St Lower, Dublin and with over 15 Yrs. dedicated & qualified Insolvency experience, we understand that facing financial difficulties can be stressful and very traumatic. At Irish Liquidations, we take-away your worry by not only agreeing to a one-time, low-cost, fixed fee upfront, but also, we are with you, shoulder to shoulder through the entire liquidation process.
Our promise is to provide you with the smoothest, most pragmatic, and least expensive liquidation process that will deliver maximum return to Creditors, Directors & Shareholders in the shortest time possible while ensuring all your Company & Director’s legal obligations & fiduciary duties have been met.
Even though we service a broad range of industries & sectors, At Irish Liquidations, our experience & expertise greatly favours the smaller entity. We primarily work with SMEs, Entrepreneurs, non-trading corporate subsidiaries and assist local legal & accountancy firms.
Flavien Keily (B.Comm, FCA, IIP). With over 15 Yrs. direct Insolvency experience and has successfully performed over 544 liquidations & Receiverships, you are in expert and qualified company. Flavien is a qualified Chartered Accountant (FCA) who also holds a Diploma in Insolvency Practice and a Diploma in Forensic Accounting. Prior to Irish Liquidations, Flavien has held numerous senior finance roles at EY, Autotrader and Chesterbridge Property Developments to name but a few.
There are 2 voluntary liquidation (winding up) procedures we can assist you with; a Creditors Voluntary Liquidation (CVL) and a Members Voluntary Liquidation (MVL).
CVL: 90% of cases in Ireland are Creditors Voluntary Liquidations. In a CVL, the insolvent company voluntarily decides to go into liquidation. The process is usually initiated by the company's Directors calling a Board Meeting to agree that the company should be placed in liquidation.
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MVL: When a solvent company ceases trading, or the Directors decide to retire, an MVL is often the best course of action to effectively liquidate and wind up the company. Appointing a liquidator to undertake an MVL is also the most tax efficient way to withdraw monies held within the company.
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A Receiver is appointed by a debenture holder (Lender) on receipt of a debenture document which grants the lender a charge over the borrower’s assets, by means of collecting the debt if the borrower defaults.
When appointed, Irish Liquidations will take possession of the charged assets, realise those assets, and discharge the debt owing to the Lender.
In some instances, Irish Liquidations will endeavour to keep the business running with a view to maximising the value of the company’s assets, via the sale of the business (or part thereof) as a going concern and therefore improve the prospect of loan recovery
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Striking off a company is an alternative and voluntary procedure to formally winding up (liquidating) an existing Limited company.
At the request of the Directors, the Registrar of Companies can strike off (remove) the company from the Companies Registration Office (CRO) so long as the company is solvent, no debts remain outstanding and is not carrying out any business or operation
Irish Liquidations can assist you with the application and Strike Off process and will confirm all debts have been discharged, file the necessary paperwork with the Companies Registration Office (CRO), obtain Revenue clearance and ensure all Shareholder & Director’s legal obligations have been met.
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Our No 1 priority is to have you remain in business. Nevertheless and with over 544 Irish Liquidations successfully administered and a regular advisor to local accountancy & legal firms, Flavien is always on-hand to both Directors and Creditors alike to help navigate the myriad of options available, the legal pitfalls to avoid, and the best insolvency strategy and process to follow.
All consultations are strictly private & confidential and there is no-obligation to proceed with Irish Liquidations even in the event a liquidation is the best course of action.
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