Browse our library of knowledge to learn more about company closure and how we help
What is a Creditors Voluntary Liquidation?
This is by far the most common way that directors choose as they have an element of control over the process and who they engage, plus they are doing the responsible duty as a director of the insolvent company.
What is Compulsory Liquidation?
What might look like an attractive option for a director due to the fact that the creditor pays for the winding up, it is not advised and should only be a last resort.
What is a Members Voluntary Liquidation?
This is a way of closing a company that is solvent, i.e. it has Assets and essentially no debts.
What is a Dissolution / Strike off Application?
This is where a company has no assets or debts, has ceased to trade, and is no longer needed.
What is Administration?
Administration is a formal insolvency process for officially insolvent limited companies. The goal is to either restructure the struggling business, or to manage the winding down of the company.
What is Bankruptcy?
In the UK, bankruptcy is a legal process designed to give individuals who are unable to repay their debts relief from their financial obligations and protection from enforcement action by creditors.