Professional Company Liquidators inOxfordshire for Your Business

A licensed insolvency practitioner takes control of the company, realises its assets, agrees claims with creditors, and distributes any funds according to the statutory hierarchy. They also investigate the conduct of directors and report to the relevant authorities, ensuring the closure is handled lawfully and efficiently.

Fees vary depending on the size and complexity of the company. A simple creditors' voluntary liquidation may cost between £4,000 and £8,000 plus VAT and disbursements. The liquidator's fee is typically based on time spent or a fixed quote agreed before the appointment. Always request a clear breakdown.

Any director or shareholder can propose a creditors' voluntary liquidation if the company is insolvent. For a members' voluntary liquidation, the company must be solvent and directors must swear a declaration of solvency. A licensed professional will confirm your eligibility during the initial consultation.

A creditors' voluntary liquidation usually concludes within 12 to 18 months, depending on asset realisation and creditor claims. A members' voluntary liquidation can be faster, often completing in six to nine months. Complex cases involving litigation or overseas assets may take considerably longer.

Yes, a dormant company can be closed via a members' voluntary liquidation if it is solvent, or by striking off if it has no assets or liabilities. A liquidator is necessary when there are undistributed assets, outstanding debts, or a need to formally wind down the legal entity.

Alternatives include a company voluntary arrangement to repay debts over time, administration to restructure the business, or a simple strike-off if the company is solvent and inactive. A licensed professional can advise which option best protects creditors and preserves value for stakeholders.

Employees are made redundant immediately upon the appointment of a liquidator. They may claim statutory redundancy pay, unpaid wages, holiday pay, and notice pay from the National Insurance Fund. The liquidator provides the necessary forms and guidance to help employees submit their claims.

No, you do not need a solicitor. A licensed insolvency practitioner can guide you through the entire process, including preparing the necessary documentation and chairing the creditors' meeting. However, you may wish to seek independent legal advice on your personal liabilities before proceeding.

You must provide the company's books and records, including bank statements, ledgers, debtors and creditors lists, asset registers, and details of any charges or guarantees. The liquidator will also require a statement of affairs showing the financial position on the date of liquidation.

Yes, if a director has taken money from the company that is not properly documented or repaid, the liquidator can seek recovery. This includes loans recorded in the directors' loan account. The liquidator may also challenge transactions at an undervalue or preferences given to connected parties.