Liquidating a ltd

When a limited company is placed into liquidation, the shareholders and directors are not personally liable for the debts of the company, unless personally guaranteed.Once the company is in liquidation, creditors cannot take legal action against either you or the company (except for any personal guarantees).

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The Liquidator once appointed, takes legal control of the company from the directors and deals with the winding up, at which point the directors are free to pursue new opportunities.

The directors are able to buy the assets of the company from the Liquidator, should they wish to do so, and use the assets to trade a new business.

We're committed to delivering the most appropriate solution.

Before embarking on business recovery, we'll consider whether your company can be made viable if radically restructured and, if so, how to make this happen.

We will find the most beneficial way of selling any assets and will distribute any surplus funds to the creditors.

We will wind up all contracts and legal issues and ensure your company is taken off the register at Companies House.

If you're concerned about your business and are considering liquidation or just want some advice, complete our enquiry form to see how we can assist you.

Having confirmed that company liquidation this is the best course of action for you, we will help you through the process.

The company creditors formally make the appointment, hence the reason it is termed a Creditors Voluntary Liquidation.

With the UK economy stagnating and business confidence stuck in the doldrums, many companies are faced with declining sales, increasing costs and deteriorating cash flow.

If the business is viable there but you lack the desire or determination to take things forward, we can still help.

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