Close a Company With Debt UK – Company Exit Options for Directors

Company Debt Problems? Exit Your Company the Right Way

If your company is struggling with debt and you no longer wish to continue as a director, there are structured and compliant options available.

This may include situations where your company has an outstanding Bounce Back Loan and is struggling to meet repayments

We provide a professional company transfer service, allowing directors to step away from companies they no longer wish to manage.

A Practical Alternative to Liquidation

In some situations, transferring ownership of your company may be an alternative to formal liquidation.

This allows you to:

  • Step down as director
  • Transfer complete ownership of the company in a fast and legally compliant way
  • Avoid ongoing involvement in day-to-day management

How the Process Works

  • We arrange the legal transfer of your company shares (Typically a nominal amount of £1.00 is paid for shares)
  • Directors, PSC details and the registered office address are updated
  • Companies House records are amended accordingly
  • The process is usually completed within 48 hours

You or your creditors can verify all changes directly via Companies House once completed.

⚠️ Important Information

However, it is important to understand:

  • Any personal guarantees you may have given to banks, suppliers etc will remain your responsibility
  • Director loan accounts are not written off
  • Liability arising from previous wrongful or fraudulent trading is not avoided

Why Use Our Service

  • Fast turnaround (usually within 48 hours)
  • Fixed, pre-agreed transparent fees
  • Confidential and professional handling
  • Experienced in-house team that will deal with everything.
  • Allows you to move forward and consider future business activities (less impact on business insurance, VAT registration, tenders, and directors personal details being published)

Start the Process

If your company is under pressure and you want to step away, we can help.

Request a confidential consultation

If you are using personal funds to keep your company going, it may be time to consider your exit options