Members Voluntary Liquidation, Creditors Voluntary Liquidation and Compulsory Liquidation.
Company Liquidation (or ‘winding up’) is the most common type of corporate insolvency procedure. Liquidation is the formal winding up of a company’s affairs entailing the realisation of its assets and the distribution of the proceeds in a prescribed order of priority. A liquidation procedure is used if there is no part of an insolvent business that can be salvaged or is worth saving.
“…. We found ourselves well supported with ample and timely explanations provided at all stages, especially regarding the treatment of corporation tax. All of our queries were answered promptly.”Read More
“A big thank you to and your team for successfully taking us through the CVA process. We have found your help and advice quick and very professional. Your excellent service has assisted us immensely during the process and enabled us to cross the finishing line in good shape.”Read More
With few exceptions, liquidation is the end of the road for a company and following liquidation it will be removed from the companies’ register. Company liquidation may occur following a receivership or administration.
Compulsory Liquidation or Voluntary Liquidation?
Liquidation may be either compulsory, when it is instituted by order of the court, or voluntary, when it is instituted by resolution of the shareholders. Voluntary liquidation is the more common of the two. An insolvent voluntary liquidation is known as a Creditors Voluntary Liquidation because its conduct is primarily under the control of the creditors. A solvent voluntary liquidation is known as a Members Voluntary Liquidation, because its conduct is primarily under the control of its members. Click here to see our Guide to Members Voluntary Liquidations.
We, as Licensed Insolvency Practitioners and Liquidators, act in all three types of Liquidation. Click here to see some testimonials and Case Studies of cases where we have been appointed as the Liquidator.
Need Help with Insolvency, Recovery or Turnaround?
If you or your business is facing insolvency, the sooner you contact us, the more we can help.
The Liquidation Process – Contact Us
If your company is insolvent and you have been advised that liquidation is the likely outcome, please call us on 0207 831 1234, or contact us for a FREE initial discussion about your options. The process for how to liquidate a limited company is as follows:
- Contact our Liquidation experts
- We will discuss your company’s position in detail with you, and suggest a plan of action
- These discussions will help you decide whether Liquidation is the best option, or whether other options are still worth considering. These might included an Administration or a Company Voluntary Arrangement, for example
- If a Company Liquidation is decided upon, you would then need to appoint Antony Batty & Company as your company’s Liquidator, formally instructing us to wind up your company by
- We will appoint one of our case managers, who will guide you through the process, answering all your questions and helping to assuage any concerns you might have
- The progress of your case will be monitored carefully by one of our four Insolvency Practitioners
- Once we are appointed as your Liquidator, the winding up process commences and we will assume responsibility for dealing with your creditors and employees