Online Retailer
A one-person e-commerce business had over-ordered stock anticipating demand that didn’t materialise, leading to cash flow failure, unpaid HMRC penalties, and supplier credit accounts in default.
Location
Bristol
Debts
£33,000
Creditors
Stock Debt & HMRC Penalties
Duration
5 Weeks
Stock Images Used
Our client says...
Everyone talks about liquidation like it’s a dirty word.
I was ashamed to even Google it.
But when I spoke to Simple Closure it became clear quickly that this was just a legal process — a proper, structured way out of a situation that had got away from me.
They were completely non-judgmental.
They explained my options, gave me honest advice even when it wasn’t what I hoped to hear, and they got it done quickly. I’m glad I made the call when I did rather than waiting until things got even worse.
Outcome
CVL completed efficiently. Stock realised to offset creditor claims partially. Director relieved of all company obligations.
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