Difference between liquidation and administration
Liquidation and administration are two common insolvency procedures used when a company faces financial distress. Both aim to deal with companies that can no longer pay their debts and continue trading viably but they…
Should I use a Members’ Voluntary Liquidation (MVL) to close my company?
A Members’ Voluntary Liquidation (MVL) is a process that allows the directors of a solvent company to voluntarily liquidate their limited company to extract the profits from it. Like other liquidations, in an MVL…
What is company liquidation?
Liquidation options and what they mean for your company If you’re a company director or shareholder thinking about closing your business, liquidation is one way to do this. Here we discuss what liquidation is,…
Does liquidation mean closing?
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…