Professional Company LiquidatorsServing Bartley Businesses

Costs vary depending on company complexity, asset values, and creditor numbers. A simple solvent liquidation might cost from £1,500, whilst an insolvent creditors' voluntary liquidation often ranges between £3,000 and £6,000. Always request a fixed fee quote before instructing any liquidator.

Eligibility depends on your company's solvency status. If your company cannot pay debts as they fall due, you may proceed with a creditors' voluntary liquidation. If the company is solvent, a members' voluntary liquidation is possible. A licensed practitioner will assess your balance sheet and cash flow position.

A creditors' voluntary liquidation is used when a company is insolvent and cannot pay its debts. A members' voluntary liquidation applies to solvent companies where directors swear a statutory declaration of solvency. The procedures differ in terms of creditor involvement, timelines, and the liquidator's duties.

The initial meeting and appointment of a liquidator can happen within two to four weeks. The full liquidation process, including asset realisation and final distribution, typically takes between six and twelve months. Complex cases with multiple assets or legal disputes may take longer.

Yes, you can still liquidate a company with minimal assets. However, the liquidator's fees must be funded. If no assets exist, directors may need to fund the process personally or consider alternative options such as a strike-off application if the company has no creditors.

Employees are made redundant when a company enters liquidation. The liquidator will assist employees in claiming statutory redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund. The liquidator also provides necessary documentation for claims.

Yes, alternatives include company voluntary arrangements, administration, or informal arrangements with creditors. For solvent companies, striking off the register is often cheaper and quicker. A licensed insolvency practitioner can explain the pros and cons of each option based on your specific circumstances.

Directors must cooperate fully with the liquidator, provide all company records and accounts, and disclose any transactions that may be considered preferences or transactions at undervalue. Failure to cooperate can lead to personal liability, disqualification proceedings, or even criminal prosecution.

Generally, no. Limited liability protects directors from company debts unless you have given personal guarantees or acted wrongfully. However, if you traded whilst insolvent or misused company funds, the liquidator may pursue you personally. Always seek professional advice before making decisions.

Always select a licensed insolvency practitioner regulated by a recognised professional body such as the Insolvency Practitioners Association. Check their experience with similar cases, request references, and ensure they offer a clear fee structure. You can also verify their licence status online.