Expert Company LiquidatorsServing Ross-shire Businesses

A licensed insolvency practitioner manages the closure of your company, selling assets, settling creditor claims, and distributing any remaining funds. They ensure the process complies with insolvency law and handle all statutory filings, allowing you to step away with confidence.

Costs vary based on company size, asset complexity, and creditor numbers. Typically, fees range from a few thousand pounds for straightforward cases. A licensed practitioner provides a fixed quote or hourly rate before work begins, so you know the financial commitment upfront.

Yes, you can. If your company has no assets, a creditors' voluntary liquidation may still be possible, but you may need to fund the liquidator's fees personally. Some practitioners offer payment plans or accept a director's loan to cover costs.

A straightforward creditors' voluntary liquidation often completes within 6 to 12 months, but complex cases with disputes or asset realisation may take longer. Your liquidator provides a timeline after reviewing your company's circumstances.

Voluntary liquidation is initiated by shareholders or directors, whereas compulsory liquidation is forced by a court order, usually from a creditor. Voluntary liquidation gives you more control and is often quicker and less costly than a court-led process.

Yes, alternatives include a company voluntary arrangement (CVA) to repay debts over time, administration to restructure, or informal negotiations with creditors. A licensed professional can assess which option best suits your financial position and business goals.

Directors must cooperate fully with the liquidator, provide accurate financial records, and avoid preferential treatment of any creditor. Failing to fulfil these duties can lead to personal liability, disqualification, or even criminal prosecution.

Once a liquidator is appointed, directors lose control and cannot trade further. If you wish to continue, you might consider administration or a pre-pack sale, where the business is sold quickly to preserve value. Discuss your intentions with an advisor early.

Look for a practitioner who is licensed by a recognised professional body, such as the Insolvency Practitioners Association. Check their experience with companies of your size and sector, and ask for a clear fee structure before engaging their services.

Employees are made redundant automatically once liquidation begins. They may claim statutory redundancy pay, unpaid wages, and holiday pay from the National Insurance Fund. The liquidator provides each employee with a claim form and guidance on the process.