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Company Liquidators
In Greater London

When a company faces financial distress or reaches the end of its natural lifecycle, the role of a licensed insolvency practitioner becomes critical. Company liquidators in Greater London provide professional, regulated services to directors and shareholders who need to close a solvent or insolvent business correctly. With the region's dense commercial landscape, navigating the legal complexities of the Insolvency Act 1986 requires local expertise and a clear understanding of both creditor obligations and director duties. Our team offers immediate, confidential guidance across all London boroughs, from Westminster to Croydon.

We specialise in Creditors' Voluntary Liquidation (CVL) for insolvent companies and Members' Voluntary Liquidation (MVL) for solvent firms seeking capital distributions. Every engagement is handled with transparency, ensuring statutory compliance and minimising personal risk for directors. Our liquidators work swiftly to realise assets, investigate antecedent transactions, and communicate with all stakeholders, including HMRC and trade creditors. Whether you are facing a winding-up petition or simply planning an orderly closure, our pragmatic approach protects your reputation and financial future.

With offices throughout Greater London, we offer same-day appointments and fixed-fee structures where appropriate. We understand the urgency of liquidation matters and provide clear, actionable advice from the first call. Contact our team today for a free, no-obligation assessment of your company's position. We will explain every option, from formal liquidation to alternative rescue procedures, so you can make an informed decision with confidence.

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Showing 10 Company Liquidators in Greater London

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Frequently asked questions

What is the difference between a CVL and an MVL for company liquidators in Greater London?

A Creditors' Voluntary Liquidation (CVL) is used when a company is insolvent and cannot pay its debts. An MVL (Members' Voluntary Liquidation) is only for solvent companies where directors can declare solvency. In a CVL, creditors control the process and a liquidator realises assets to repay them. In an MVL, shareholders appoint a liquidator to distribute surplus assets, often with tax advantages. Our liquidators assess your financial position to recommend the correct procedure.

How much do company liquidators charge in Greater London?

Fees vary based on company complexity, asset value, and creditor numbers. For a straightforward CVL, costs typically range from £4,000 to £8,000 plus VAT, often paid from company assets. MVL fees are similar but may be lower if no asset realisation is needed. We provide fixed-fee quotes before engagement, with no hidden charges. Always confirm whether the liquidator's fee is based on time or a fixed amount to avoid surprises.

Can a director face personal liability when a company goes into liquidation?

Directors can face personal liability for wrongful trading, fraudulent trading, or if they have given personal guarantees. However, using a licensed liquidator early and cooperating fully reduces risk. The liquidator reviews transactions for preferences or undervalue transfers. If you have acted in good faith and followed advice, personal liability is rare. Our team helps you prepare documentation to demonstrate proper conduct.

How long does a company liquidation take in Greater London?

A CVL typically takes 6 to 12 months to conclude, depending on asset sales and creditor claims. An MVL can be faster, often 3 to 6 months, if no complex issues arise. The liquidator must file final accounts with Companies House and hold a final meeting. Delays occur if there are disputes, missing records, or difficult assets. We provide a timeline estimate after an initial review.

What happens to employees when a company goes into liquidation?

Employees are automatically dismissed when a liquidation order is made. They become preferential creditors for unpaid wages (up to £800), holiday pay, and pension contributions. The liquidator will notify the Redundancy Payments Service so employees can claim statutory entitlements. Our liquidators guide employees on claiming from the National Insurance Fund and assist with any redundancy questions.

Can I continue trading after my company is in liquidation?

No, once a company enters liquidation, the liquidator takes control. Directors cannot trade or deal with assets without the liquidator's consent. However, the liquidator may continue trading temporarily to complete contracts or sell stock for a better return. If you wish to start a new business, you must avoid using the same company name or a similar one unless you follow the 'phoenix' rules under the Insolvency Act.

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