How to Liquidate a Company
Liquidate your company by the overall cheapest and most tax efficient way.
You could dissolve instead – much cheaper than liquidation.
Find The Cheapest Way To Close My Company
Get an instant on screen indication to the suitable route to close your company.
Speak To Us About
Company Closure.
We have years of experience helping directors find the best way of closing their business.
Advantages Of Voluntary Liquidation
Keep more control - close your company on your terms
Gives directors a clean break
Allows you to close a potentially insolvent company with no further liability (unless debts have been personally guaranteed).
Quick and cost effective
Can be funded using company assets such as cash at bank, sale of assets, book debts etc.
Your duties as a director
It shows creditors you have done the right thing by taking professional advice and can steer you away from the implications of wrongful trading.
Claim redundancy payments
Employees and potentially directors can make a claim from the National Insurance Fund and receive payments for outstanding wages, holiday pay, pay in lieu of notice and redundancy.
Types of Company Liquidations
Creditors’ Voluntary Liquidation
A Creditors’ Voluntary Liquidation (CVL) is when an Insolvent Company's directors voluntarily close the business. Please contact us for your personal quote.
This process offers more control over being forced into compulsory liquidation.
Redundancy Payments may be claimable from the Nationinal Insurance fund.
Learn MoreMembers’ Voluntary Liquidation
Is your company solvent with assets over £25,000? Then a Members’ Voluntary Liquidation (MVL) is probably best.
This enables proceeds to be taken as capital gains tax rather than income tax - so it can be the overall most cost-efficient exit route.
Learn MoreCompulsory Liquidation
A Creditors’ Voluntary Liquidation (CVL) is when an Insolvent Company's directors voluntarily close the business by the appointment of a liquidator.
Worried about Compulsory Liquidation or facing a Winding-Up Order?
Don't Panic!
You have several potential routes to avoid compulsory liquidation.
Learn More