Professional Company Liquidators inEast London for Your Business

A company liquidator is a licensed insolvency practitioner who manages the closure of a company. They collect assets, settle debts, and distribute any remaining funds to shareholders. They also investigate director conduct and ensure legal procedures are followed correctly.

Costs vary based on company size and complexity. Creditors' voluntary liquidation typically ranges from £1,500 to £5,000 plus VAT, depending on asset realisation and case complexity. Always obtain a fixed-fee quote from a licensed professional before proceeding.

A straightforward creditors' voluntary liquidation often completes within 6 to 12 months. Complex cases with asset realisation or legal disputes may extend beyond that. The liquidator must file final accounts with Companies House, which can take additional time.

Yes, you can liquidate a company with no assets. This is often called a 'no-asset liquidation'. The liquidator will still need to be paid, but you may be able to use director's loan account offsets or shareholder funds to cover costs.

Voluntary liquidation is initiated by directors or shareholders, typically through a creditors' voluntary liquidation. Compulsory liquidation is forced by a court order, usually after a creditor petitions for winding up. Voluntary is generally faster and more controlled.

Yes, alternatives include a company voluntary arrangement (CVA) to repay debts over time, administration to restructure, or informal arrangements with creditors. A licensed insolvency practitioner can assess which option best suits your company's situation.

Employees are made redundant when liquidation begins. They may claim statutory redundancy pay, unpaid wages, and holiday pay from the National Insurance Fund. The liquidator will provide the necessary documentation to support claims.

Yes, unless you are disqualified by a court or the Insolvency Service. Disqualification can occur for up to 15 years if misconduct is found. Most directors are not disqualified, but you must act responsibly and cooperate fully.

A director's loan account records money borrowed from or loaned to the company. If you owe the company money, that debt becomes an asset in liquidation. The liquidator will seek repayment, which could affect your personal finances.

You should first consult a licensed insolvency practitioner. They will assess your financial position and advise whether liquidation is appropriate. If it is, they will convene a meeting of creditors and shareholders to approve the liquidation.