Business insolvency advice in Dudley
Use realistic values for plant and machinery
A Dudley company considering liquidation should not assume machinery will realise its accounts value. Condition, ownership, removal costs and buyer demand can affect what is available for creditors. Keep purchase invoices and finance agreements with the asset list.
For a rescue assessment, also identify which equipment is essential to profitable work. Selling a productive asset may release cash while removing future income. Discuss the overall outcome before accepting an offer, particularly where the buyer is connected to a director or shareholder.
Work in progress is not the same as cash
For a Dudley manufacturer, unfinished components may have value only once further spending has completed the order. Calculate that remaining cost and identify the customer’s payment obligations. A decision to continue production needs a funded plan, not simply a high work-in-progress figure.
The problem and possible next steps
Tax arrears: if VAT, PAYE or Corporation Tax is overdue, review whether the business could afford a payment proposal alongside new bills. HMRC Time to Pay requires HMRC’s agreement; it is not an automatic write-off.
Debts that trading cannot repay: compare business rescue with an orderly closure. A licensed insolvency practitioner must handle any formal appointment, and the appropriate route depends on the full financial position.
For issues involving manufacturing, see our sector guidance. We consider the business’s actual contracts, costs and liabilities rather than assuming every company in Dudley faces the same problem.
Start with your immediate concern
Quote Dudley and tell us your postcode so we can discuss suitable arrangements.
If a notice has a deadline, give us the date and the type of notice at the start of your enquiry.
Support across Dudley and the surrounding area
We support company directors in Dudley, West Midlands, including businesses in the DY1 postcode district. You can also contact us from Brierley Hill, Sedgley, Kingswinford, Netherton. Give us your full trading postcode and company details so the discussion starts with the right business and location.
Initial support is available by telephone and online enquiry. The locations listed describe our service coverage; they are not advertised walk-in offices. Any proposed meeting needs to be arranged in advance.
Questions from Dudley business owners
A connected-party transaction needs careful advice, proper valuation and clear records. It should not be arranged informally or at a figure chosen simply to make the transfer convenient.
Yes. Our enquiry service covers Dudley and nearby areas including Brierley Hill, Sedgley, Kingswinford. DY1 is one example postcode district, rather than a boundary for advice. Tell us your full postcode and where the company is registered when you contact us.
Check ownership, finance terms and any security before arranging a sale. Equipment shown in the accounts may belong to a finance provider. An adviser needs the agreements and realistic asset values when comparing continued production with a possible closure.
Prepare a summary of creditors, cash available, unpaid customer invoices and the next essential payments. Include tax arrears, finance agreements and any personal guarantees. Mention legal notices and their deadlines at the start; you do not need a finished recovery plan to make an initial enquiry.
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Company rescue and liquidation services · HMRC arrears support · Director responsibilities
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