We are Licensed Insolvency Practitioners here to help with all your liquidation needs. If you think that your company may be insolvent and you are looking for professional, expert advice, liquidation.co.uk can help.
What does the term liquidation mean?
Liquidation is a process in which limited companies enter in order to dissolve effectively. The company can be either solvent or insolvent and does not need to have traded for a certain period of time. Only a Licensed Insolvency Practitioner can be appointed on a formal liquidation process.
When would I require a liquidation process?
If your company is insolvent then you would require a liquidation process as soon as you are aware that the company cannot be rescued from its suffering with insolvency.
If your company is solvent then you would require a liquidation process when you believe it has come to the end of its natural life and you are ready for it to be dissolved.
What is a solvent liquidation?
A solvent liquidation process would be a Members’ Voluntary Liquidation (MVL). This process is a tax effective route to enter if shareholder funds are above £25,000.
What is an insolvent liquidation?
An insolvent liquidation process would be either a Creditors’ Voluntary Liquidation (CVL) or a Compulsory Liquidation. The CVL route is a director-led process whereas the Compulsory route is a court-led process.