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Raven Solution
This listing was generated using publicly available data to enhance visibility for businesses. If this is your business, claim your profile to update details.

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Frequently asked questions
What is the difference between CVL and MVL for companies in Shifnal?
A Creditors Voluntary Liquidation (CVL) is for insolvent companies where directors cannot pay debts, and it involves creditors overseeing the process. A Members Voluntary Liquidation (MVL) is for solvent companies where directors declare solvency, and it is used to close a business tax-efficiently. Our Shifnal liquidators assess your financial status to recommend the correct procedure.
How much does company liquidation cost in Shifnal?
The cost varies based on the complexity of your company's affairs, the number of assets, and the level of creditor involvement. For a straightforward CVL, fees typically range from £4,000 to £7,000 plus VAT, but we provide a fixed-fee quote after a free consultation. We ensure no hidden charges and explain all costs upfront.
Can I keep trading after appointing a liquidator in Shifnal?
Once a liquidator is appointed, their control over the company begins, and trading usually ceases immediately except for actions that preserve asset value or complete essential contracts. Our liquidators can advise on limited post-appointment trading if it benefits creditors, but it requires court or creditor approval in most cases.
What happens to employees when a Shifnal company goes into liquidation?
Employees are automatically made redundant upon liquidation. The liquidator terminates employment contracts and assists staff in claiming statutory redundancy pay, unpaid wages, holiday pay, and pension contributions from the National Insurance Fund. We guide employees through the claims process to ensure they receive all entitlements.
Can directors be held personally liable for company debts in Shifnal?
Directors are generally not personally liable for company debts if they have acted legally and responsibly. However, liability can arise for wrongful trading, fraudulent trading, or misfeasance. Our liquidators investigate director conduct and will advise if any actions could lead to personal claims, but we also help directors avoid such risks.
How long does the liquidation process take in Shifnal?
The timeline depends on the complexity of the case. A simple CVL can complete in 6 to 12 months, while MVLs often conclude within 6 months if all assets are realised quickly. Compulsory liquidations may take longer. We provide a realistic timeline after our initial assessment and keep you updated throughout.
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