limited company liquidation

Winding Up Your Business

Recent data shows a 23% increase in UK company liquidations – here’s what business owners need to know about navigating the process effectively

Understanding Your Options When Liquidating a Company

The decision to wind up a company rarely comes easily. Whether facing financial pressures or planning a strategic exit, understanding the liquidation process is crucial for directors considering this significant step.

"The landscape for limited company liquidation has shifted dramatically, Directors now have more options than ever when deciding how to liquidate their company."

Types of Company Liquidation: Choosing the Right Path

Voluntary Liquidation

Creditors’ Voluntary Liquidation (CVL)
Members’ Voluntary Liquidation (MVL)
Differences in tax implications and director obligations

Compulsory Liquidation

Court-ordered process
Creditor-initiated proceedings
Timeline and legal requirements