Our Liquidation Advice section covers everything you need to know about liquidating your company.
When a company cannot pay its bills on time, as and when due, under the Insolvency Act 1986, technically your company is insolvent, or in a state of insolvency. This is known as cash flow insolvency.
Liquidation is the formal legal process to end the life of a Limited Company.
You can find out exactly how much it will cost to liquidate your company by following our online liquidation quote wizard.
Are there any risks of liquidation? Yes, but not really. Directors and shareholders are not liable for the debts of the company, unless they have signed personal guarantees to the bank, suppliers, landlord, finance lease , etc.
Contact Insolvency Direct about liquidating your company. Our head office is in Cheltenham. You can call us on 0800 088 6767
When considering company liquidation it makes sense to speak to an advisor to talk through your company and business situation, especially for larger cases.
If a company cannot pay it?s bills on time, as and when due, under the Insolvency Act 1986, technically your company is insolvent, or in a state of insolvency. If the company owes a lot of money to creditors, and has insufficient assets to meet those debts, technically, the company is insolvent.
A Company Voluntary Arrangement (CVA) is the principal alternative to liquidation. The company voluntary arrangement is a formal arrangement with the company?s creditors typically being paid over a 5 year period, repaying a fixed amount which is lower than the actual outstanding debt, which allows a business to continue to trade whilst repaying its debts at an agreed rate.
Insolvency and liquidation terms defined, including Insolvency proceedures such as CVL, MVL and CVA.
Cheap Company Liquidation.
Insolvency Practitioners in Bristol. We're able to take Insolvency appointments for companies in Bristol, or a low price.