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Liquidation

Winding up a company – what does it means & what are the benefits?

Category: Liquidation | Posted on: 18th June 2021

Winding up a company  Winding up a company, in its simplest form, means to stop trading, liquidate your assets and close your limited company, striking off the company from the register at Companies House. Winding up a company is also known as liquidating a company.  When you wind up a company, you use the assets …

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Solvent liquidation vs insolvent liquidation – what’s the difference?

Category: Liquidation | Posted on: 8th June 2021

Solvent liquidation vs insolvent liquidation  What’s the difference between solvent and insolvent liquidation?  To look at solvent liquidation vs insolvent liquidation, we first need to look at a commonly asked question: ‘What’s the difference between solvent and insolvent liquidation?’  The main difference between solvent and insolvent liquidation is that each is used in a different …

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Liquidator in corporate accounting – why you must have one.

Category: Liquidation | Posted on: 31st May 2021

What is a Liquidator in corporate accounting? Corporate accounting is a specialist branch of accountancy that deals with the accounting for companies. A Liquidator in corporate matters will work closely with the accountant to advise and take action to rescue a business from insolvency or, if that’s not possible, close the company through liquidation. The …

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The advantages and disadvantages of liquidation

Category: Liquidation | Posted on: 30th May 2021

The advantages and disadvantages of liquidation The most common type of liquidation is a Creditors’ Voluntary Liquidation (CVL). This is a formal insolvency process that’s taken by the directors of a company. The advantage of liquidation as a CVL is that it’s voluntary, as suggested by the name. It’s also possible for a compulsory liquidation …

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The different types of liquidation

Category: Liquidation | Posted on: 27th May 2021

The different types of liquidation If your company is no longer needed or viable to continue to use, seeking advice from insolvency practitioners to understand what different types of company liquidation are available is the fundamental first step to successfully liquidating your company. Getting the best outcome for yourselves and anyone potentially owed money by …

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