Company Liquidation Costs

Overview

  • company liquidation costs are heavily regulated
  • the process for agreeing costs will vary on the liquidation type
  • time cost (a £/hour spent) or a fixed cost are the most popular fee structures
  • liquidation.co.uk does not accept liquidations from brokers so there’s no need to pay extra

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Insolvent Liquidations – Creditors’ Voluntary Liquidation (CVL) – Company Can’t Pay What It Owes

  • Useful Information:
    • company liquidation costs must be approved by those owed money by the company (known as the creditors)
    • there are two stages to the CVL process
    • stage one puts the company in to liquidation
    • stage two completes the liquidation process
  • Who Pays?
    • stage one costs will usually need to be available before the company is placed into liquidation
    • the company can pay for the stage one costs
    • it is common that company directors or shareholders pay for the stage one costs if the company has no assets (things of value owned by the company)
    • stage two costs are usually paid for from the assets
    • stage two costs will need to be agreed by creditors after the liquidation has begun
  • How Much?
    • company liquidation costs of a Creditors’ Voluntary Liquidation at liquidation.co.uk are from £3,000

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    Solvent Liquidations – Members’ Voluntary Liquidation (MVL) – Has Money and Assets To Pay To Its Owners

    • Useful Information:
      • company liquidation costs must be approved by those who own the company (the shareholders)
      • there are two stages to the MVL process
      • stage one puts the company in to liquidation
      • stage two completes the liquidation process
      • costs of an MVL are often fixed
    • Who Pays?
      • The company pays the costs of an MVL
      • stage one and stage two costs are usually paid at the same time
    • How Much?
      • The costs of a Members’ Voluntary Liquidation at liquidation.co.uk will vary depending on:
      • the level of assets in the company
      • the number of shareholders
      • please contact us for a quote
      • company liquidation costs of a Members’ Voluntary Liquidation including disbursements (3rd party costs) at Liquidation.co.uk are from £3,000

       

      Our costs are extremely competitive and are tailored to the state and situation of the company when presented to us.

      In the majority of cases the fees are paid from the company’s own assets (stock and cash for example) or in some case company directors will decide to pay the fees personally or lend the company money in until assets are turned in to cash (to ensure a situation is resolved as quickly as possible).

      To receive your free quote visit our Online Liquidation Quote page or call us today.

       

      Click here for more information on Members’ Voluntary Liquidation (Solvent Liquidation)

      Click here for more information on Creditors’ Voluntary Liquidation (Insolvent Liquidation)

      Areas we advise on:

      • Cash flow
      • HMRC pressure
      • Legal action threatened by creditors
      • Business debt management
      • Turnaround strategies
      • Business rescue support
      • Business insolvency