Liquidation is the process of winding up your company’s affairs and closing it. It involves selling off your company’s assets and using the proceeds to pay off debts if possible. If there’s any remaining…

As a company director, there are many questions that may arise when you’re looking to liquidate your company, whether it’s in good financial health or not. Not least what happens to a director of…

The Coronavirus Business Interruption Loan Scheme (CBILS) provided much-needed financial support for businesses. Through the scheme, accredited lenders provided loans of up to £5 million for smaller businesses, with the Government promising to cover…

You might be surprised to learn that it’s not uncommon for a business owner to find himself or herself in a difficult financial situation, unable to meet the obligations of paying employees’ wages. This…

Whether due to financial difficulties, a change in business strategy or simply because you want to ‘shut up shop’, liquidation is often chosen to close a company. Liquidation is the process of closing down…

The potential loss of income when an employer enters liquidation is a major concern for employees. Will they still be paid what they’re owed? We’ll aim to answer that question in this short article…

In the lifecycle of your company, there might come a time when it’s necessary to close it down. One common way of doing this is using the process of liquidation. Liquidation can be done…