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Company Liquidators
In Cornwall

When a company in Cornwall faces financial distress, the role of a licensed company liquidator is to manage the orderly winding down of the business, ensuring that creditors are treated fairly and that all legal obligations are met. Our team of experienced insolvency practitioners provides professional and compassionate guidance to directors and shareholders across the Duchy, from Truro to Penzance, Newquay to Falmouth. We specialise in Creditors' Voluntary Liquidations (CVL) for insolvent companies, Members' Voluntary Liquidations (MVL) for solvent companies seeking to close, and compulsory liquidations ordered by the court.

Choosing the right liquidator is critical to minimising personal liability and protecting your reputation. Our licensed professionals work closely with you to assess your company's financial position, explain the process in plain English, and handle all statutory filings, asset realisation, and creditor communications. We also provide expert advice on director duties, wrongful trading risks, and pre-liquidation transactions. With local knowledge of Cornwall's business community and access to national resources, we ensure a smooth, compliant, and cost-effective liquidation process.

Whether you are facing creditor pressure or simply wish to close a dormant company, our liquidators in Cornwall are here to help. We offer a free, no-obligation initial consultation to discuss your options, including potential rescue procedures such as Company Voluntary Arrangements (CVAs) or administration. Contact us today to take the first step towards resolving your company's financial matters with confidence and clarity.

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Frequently asked questions

What is a Creditors' Voluntary Liquidation (CVL) in Cornwall?

A Creditors' Voluntary Liquidation (CVL) is a formal insolvency procedure for a company that cannot pay its debts. A licensed insolvency practitioner is appointed as liquidator to sell company assets, investigate the directors' conduct, and distribute funds to creditors. The process typically concludes after a year, and the company is then dissolved.

How much do company liquidators in Cornwall charge?

Fees for a CVL in Cornwall typically range from £3,000 to £6,000 plus VAT, depending on the complexity of the case, asset realisation, and the number of creditors. For a Members' Voluntary Liquidation (MVL) on a solvent company, fees often start around £2,500. Always request a fixed-fee quote before appointing a liquidator.

Can I keep trading if my company is insolvent in Cornwall?

If your company is insolvent, continuing to trade can lead to personal liability for wrongful trading. Directors must act in the best interests of creditors. If there is no reasonable prospect of avoiding liquidation, you should stop trading and seek professional advice from a licensed liquidator immediately.

What is the difference between a CVL and an MVL?

A CVL is used for insolvent companies where debts cannot be paid. An MVL is for solvent companies that wish to close voluntarily, often for tax efficiency. In an MVL, shareholders appoint a liquidator, and creditors are paid in full. Both procedures end with the company being struck off the Companies House register.

Will I be personally liable for company debts after liquidation in Cornwall?

In most cases, directors are not personally liable for company debts if they have acted within the law. However, personal liability can arise if you have given personal guarantees, committed fraud, or engaged in wrongful trading. A liquidator will investigate and may seek compensation from directors if misconduct is found.

How long does a company liquidation take in Cornwall?

A straightforward CVL typically takes 6 to 12 months to complete, depending on asset sales and creditor claims. An MVL can be completed in as little as 3 to 6 months. Compulsory liquidations (court-ordered) may take longer due to legal proceedings. Your liquidator will provide a timeline at the outset.

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