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	<title>Blog Archives - Irwin Insolvency</title>
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	<title>Blog Archives - Irwin Insolvency</title>
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		<title>Received a Winding-Up Petition? What Next?</title>
		<link>https://www.irwin-insolvency.co.uk/received-a-winding-up-petition-what-next/</link>
		
		<dc:creator><![CDATA[Gerald Irwin]]></dc:creator>
		<pubDate>Mon, 04 Aug 2025 23:18:14 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Insolvency]]></category>
		<category><![CDATA[winding up]]></category>
		<guid isPermaLink="false">https://www.irwin-insolvency.co.uk/?p=4123</guid>

					<description><![CDATA[The first thing you that should do after receiving a winding-up petition is to contact a professional insolvency practitioner immediately. Don’t ignore it, or delay responding. A qualified expert can assess your situation before advising on next steps – helping you to avoid the permanent closure of your business by an order of the court. How long have I got to protect my business? There are always steps you can take, regardless of which stage a winding-up petition is at. Typically, winding-up proceedings are fast-moving. Here’s how they unfold: Day 1 A winding-up petition is served on a company at its registered office. It will include details of the debt owed together with the creditor’s information Days 1 to 7 Options include: ·       Repaying the debt in full ·       Disputing the debt ·       Negotiating a [&#8230;]]]></description>
		
		
		
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		<title>Members’ Voluntary Liquidation (MVL): A Tax-Efficient Exit for Solvent Business</title>
		<link>https://www.irwin-insolvency.co.uk/members-voluntary-liquidation-mvl-a-tax-efficient-exit-for-solvent-business/</link>
		
		<dc:creator><![CDATA[Gerald Irwin]]></dc:creator>
		<pubDate>Wed, 16 Jul 2025 17:03:39 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[insolvency practitioner]]></category>
		<category><![CDATA[MVL]]></category>
		<guid isPermaLink="false">https://www.irwin-insolvency.co.uk/?p=7418</guid>

					<description><![CDATA[Liquidation is often perceived as a decision of last resort for companies that can no longer meet their financial commitments. However, unlike other types of liquidation, members’ voluntary liquidation (MVL) is only available to solvent companies. In fact, an MVL can be a tax-efficient exit strategy for solvent businesses, enabling their directors and shareholders to benefit from favourable capital gains tax (CGT) provisions and, in some cases, further assistance through the business asset disposal relief (formerly known as entrepreneurs’ relief). What is Members’ Voluntary Liquidation (MVL)? Members’ Voluntary Liquidation (MVL) is a structured legal process that enables company directors to dissolve their solvent company and have the company removed from the Companies Register at Companies House. An MVL may be a wise option if the directors of a company are all looking to exit, either [&#8230;]]]></description>
		
		
		
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		<title>Early warning signs your business may need liquidation advice</title>
		<link>https://www.irwin-insolvency.co.uk/early-warning-signs-your-business-may-need-liquidation-advice/</link>
		
		<dc:creator><![CDATA[Gerald Irwin]]></dc:creator>
		<pubDate>Sun, 13 Jul 2025 16:27:16 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[liquidation]]></category>
		<guid isPermaLink="false">https://www.irwin-insolvency.co.uk/?p=7415</guid>

					<description><![CDATA[Detecting warning signs of business insolvency as soon as possible may help turn a company around before it’s too late. Hindsight is always 20/20, therefore it may be hard to notice early signs of trouble. But once one, or more, of the following signs start to appear, the answer to the question of when to seek liquidation advice is ‘immediately’: Consistently paying bills late One of the earliest indicators of potential business liquidation is a company’s inability to pay its bills on time. While a delayed payment can happen while running any business, it should never be a constant occurrence. If it is, then it’s a sign to seek out cashflow problem advice. Consistently paying bills late is one of the early signs of insolvency in the UK because it demonstrates that the business can’t [&#8230;]]]></description>
		
		
		
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		<title>Members’ Voluntary Liquidation (MVL) Versus Strike Off</title>
		<link>https://www.irwin-insolvency.co.uk/members-voluntary-liquidation-mvl-versus-strike-off/</link>
		
		<dc:creator><![CDATA[Gerald Irwin]]></dc:creator>
		<pubDate>Thu, 10 Jul 2025 16:07:45 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[liquidation]]></category>
		<category><![CDATA[MVL]]></category>
		<guid isPermaLink="false">https://www.irwin-insolvency.co.uk/?p=7405</guid>

					<description><![CDATA[Closing a company that you’ve worked so hard to establish and make profitable is not always an easy decision. Knowing the options available will help you choose the most appropriate option for your circumstances. If your company is solvent, but you’re ready to close the company, perhaps for retirement, other personal choices, or to go in a different direction vocationally, you could consider voluntary liquidation. Two options available for solvent companies are Members’ Voluntary Liquidation (MVL) and Strike Off. In considering liquidation versus strike off, it’s prudent to do your due diligence, as what may seem the simplest, most cost-effective or quickest option, is not always the case. A professional insolvency practitioner can guide you and your board on the financial and legal implications of voluntary liquidation. UK company directors have an obligation to close [&#8230;]]]></description>
		
		
		
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		<title>How to respond to a winding-up petition: A step-by-step guide</title>
		<link>https://www.irwin-insolvency.co.uk/responding-to-winding-up-petition/</link>
		
		<dc:creator><![CDATA[Ryan Edwards]]></dc:creator>
		<pubDate>Thu, 10 Jul 2025 14:29:45 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://www.irwin-insolvency.co.uk/?p=7454</guid>

					<description><![CDATA[If you’ve received a petition for winding up of company, it’s usually a signal one of your creditors is taking formal action to close your business due to unpaid debts. The steps you take in response, particularly before a petition is advertised, can make the difference between saving your business or seeing it forced into liquidation. What to do if you receive a winding-up petition Here’s how you can respond to a winding-up petition in the UK to minimise risk and maximise your chances of a successful defence or settlement. Step 1: Act within seven days If you receive a winding-up petition, don’t wait. You have a small window before the petition is advertised, and after that point your options narrow. Step 2: Check for errors or disputes Examine the petition to determine whether it [&#8230;]]]></description>
		
		
		
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		<title>Managing employees and stakeholders during liquidation</title>
		<link>https://www.irwin-insolvency.co.uk/managing-employees-and-stakeholders-during-liquidation/</link>
		
		<dc:creator><![CDATA[Ryan Edwards]]></dc:creator>
		<pubDate>Thu, 10 Jul 2025 13:50:58 +0000</pubDate>
				<category><![CDATA[Blog]]></category>
		<guid isPermaLink="false">https://www.irwin-insolvency.co.uk/?p=7436</guid>

					<description><![CDATA[According to statistics from the Insolvency Service, liquidation rates in the UK in recent months have been on par with the 30-year high of 2023. With so many companies facing the prospect liquidation, how to deal with stakeholders and managing employees in liquidation is a real concern for directors and employees alike. The simple answer is having the expert guidance of an insolvency practitioner, in this case the liquidator. Want to understand your options? Contact Irwin Insolvency without delay &#8211; call 0800 254 5122 &#160; Who does liquidation affect? Liquidation affects more than the company owners and directors. It also impacts on: Employees Creditors Suppliers Shareholders Employee, creditor and supplier management by a company undergoing liquidation is an important legal requirement that your insolvency practitioner can guide you on. Why is managing employees’ communication important [&#8230;]]]></description>
		
		
		
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