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 is Voluntary Liquidation?
A voluntary Liquidation may be required if your company is either insolvent or solvent.
If your company is solvent but has come to the end of its trading life, a solvent Liquidation (Members’ Voluntary Liquidation) provides a tax efficient way to close the Company.
If your company is insolvent and has no choice but to cease trading, an insolvent Liquidation (Creditors’ Voluntary Liquidation) will formally close the Company whilst dealing with the creditors of the Company.
How will Liquidation affect me as a Director?
Having a Limited liability Company means that there is little risk to you as a director in the event of the Company failing, as long as you have acted properly and in time. By seeking advice early on you will be minimising the risk to you personally.
Can I restart my Company after a Voluntary Liquidation?
Liquidation and re-start is absolutely achievable using a Creditors’ Voluntary Liquidation. You will be given the opportunity to purchase the assets of the Liquidated Company and take them forward into a new Company.
Who should I speak with about a Voluntary Liquidation?
A Liquidator must be an Insolvency Practitioner who is licensed to act by a professional regulatory body. Only a licensed practitioner may act as Liquidator of a Company, either solvent or insolvent. At Liquidation.co.uk we have three licensed Insolvency Practitioners, each having over ten years’ personal experience. Contact us today for a free initial consultation.