Liquidators

Liquidators

Liquidators act to close down either an insolvent company or a solvent company. Liquidators need to be Licensed Insolvency Practitioners. Liquidation.co.uk is run by Licensed Insolvency Practitioners who will advise you on the various options open to you.

Liquidators act as a Liquidator of a company for a Creditors Voluntary Liquidation, a Compulsory Liquidation and a Members Voluntary Liquidation.

A liquidators role is to realise value for all assets of a company and to distribute the cash realised to creditors in the order laid out under law.

Role of Liquidators

The role of liquidators who act with regard to formal insolvency procedures is governed by insolvency legislation. As such for the role of liquidators to be undertaken in relation to company liquidation then the liquidator must be a Licensed Insolvency Practitioner.

The role of liquidators is regulated by the licensing body of the insolvency practitioner concerned.