Need help?
| call | 0800 9700539 |
| 01289 309431 | |
| 0131 242 0081 | |
| 020 7877 0050 | |
| Out of hours: 07974 086779 | |
| Or Click Here For Live Help |
What if there was a way we could quickly close the company and get rid of our worry and stress? We don't want to risk personal liability and we need to stop these creditors putting us under more pressure."
Company voluntary liquidation is often a term people use instead of the correct term that is creditors voluntary liquidation or CVL.
There is a solution, it is called liquidation or more technically creditors voluntary liquidation. KSA Group can quickly end the worry and get the liquidation of a company done quickly and professionally. We can help you stop those creditor calls and worries, stop those sleepless nights and quickly help you, as directors, get on with your life. 
Why not download our complete experts guide to liquidation
We could help you start the liquidation process today, please call on 0800 970 0539 in office Hours 8.30am till 5.00pm. Or call Wayne Harrison (IP) direct on 07879 55535 or Eric Walls (IP) direct on 0778 727 8527 or email
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
out of hours
FIRST the simple description of a creditors voluntary liquidation (CVL).
A great many people ask us this and it's really a straight forward answer: creditors voluntary liquidation or compulsory liquidation means the end of the company and its assets are then "liquidated" or turned into cash for the creditors, if possible. Creditors voluntary liquidation is the most common form of liquidation in use in the UK. In fact, in the first Quarter of 2012 the total number of companies that went into liquidation was 4303
Usually the company has run out of cash, it cannot pay its debts on time and the directors are concerned that the business is simply not viable. They are also very worried about Wrongful Trading.
It is quick, CVL brings an end to worry, if you have acted properly as directors, and it will allow you to get on with your life. Yes you can be a director of another company after a liquidation. However it is important to note that there are strict controls over the resuse of a company name.
What is a "Phoenix"?
Usually the company has run out of cash, it cannot pay its debts on time and the directors are concerned that the business is simply not viable. They are also very worried about Wrongful Trading.
It is quick, CVL brings an end to worry, if you have acted properly as directors, and it will allow you to get on with your life. Yes you can be a director of another company after a liquidation. However it is important to note that there are strict controls over the resuse of a company name.
What is a "Phoenix"?
You can liquidate a company and start the same business again, but only under strict rules and conditions. This is a potential legal "minefield" and you need to take proper advice. Call us or read the detailed CVL guides if you want more details or you can look at our updated page on phoenix companies
What if the company can be viable?
But, before you decide on liquidation as the correct option, you should also consider whether your company can be viable if radically restructured and, if so, how can you get help. If there is a viable business in there but you are tired and distressed we can still help.
Many people call us saying liquidate my company please! Then once we take away the pressure and look harder at the business problems we can often see a solution. This could be trading out or a company voluntary arrangement.
Creditors Voluntary Liquidation detailed guide
Please click if you want to learn more about the voluntary liquidation process or download our expert guide. View Now
Creditors Voluntary Liquidation flowcharts
Please click if you would prefer a simple-to-follow liquidation flowchart. View Now
Creditors Voluntary Liquidation FAQ's
Please click if you would prefer frequently asked questions guide to help you understand the longer guide.View Now
Guide to Wrongful Trading
Please click if you are worried about your own actions.View Now
Guide to Compulsory Liquidation
Please click if your company faces a winding up petition or a threat of winding up your company. View Now
Company Liquidation procedure.
A simple guide View Now
Guide to Members Voluntary Liquidation
Please click for more guides on solvent liquidation. View Now
Can I liquidate my own company?
Please click for a short guide to liquidating your company. View Now
Step 1
Find a Liquidator. We can help as we have a number of insolvency practitioners. Uniquely to KSA Group, YOU can speak to one of our IP's TODAY, if you call now on 0800 9700539. It is not possible to liquidate your own company, as the law just doesn't allow it.Step 2
Pass details of any company assets over to the proposed liquidator, and our valuers may get these valued. This will independently set the value of the assets for going to auction, or you may wish to buy them.Step 3
Let us know who the company owes money to (creditors). KSA Group will write to them all to let them know what's happening and tell them that a creditors meeting will be held. This will quickly remove creditor pressure from YOU and they will start talking to KSA instead!Step 4
Give us all company information and books and records. KSA Group will give you a list of all the information we need in order to liquidate your company. This information will allow us to prepare the necessary reports for the creditors.Step 5
A company director needs to "chair the meeting of creditors". In actual fact the liquidator will run the meeting but you or one of your directors must attend it by law. The meeting of creditors is usually a simple short meeting with no one attending.-
A Testimonial:
Liquidation of an IT Company
"I just wanted to thank you and the team for helping me and indirectly my family through what was a very difficult time, both emotionally and financially. Wayne was fantastic at putting me at ease and throughout the whole insolvency process, it was less stressful than I had first anticipated; many thanks Wayne.
I must say the the professionalism and personal touch of the whole team was exemplary. From the first introductory meeting all the way through the final insolvency process. What was a significant factor in my decision to assign KSA Group was the feedback given by previous clients and the sensitive way in which my case was dealt with because the circumstance leading up to the difficult decision to apply for insolvency were extra ordinary. My deepest thanks to everyone and as promised I will ask the wife to bake some special KSA Group class cupcakes for the team to enjoy which I will deliver personally.
Many many thanks...
Kindest Regards,
AP"
1st August 2011
Get in touch
Call us now to talk through the issues and get free advice, 0800 970 0539. If you're based in the South East call 020 7877 0050. Based in the North? Call 0191 482 3343. Based in Scotland? then call
What does liquidation mean and how does it work? How to people go about winding up a company? What are the risks for directors of wrongful trading? Can I be a director of another company, if we liquidate this company (yes)?
Latest high profile businesses to go into liquidation:
Energy Saving Group Limited - 30th April 2012
Mews Media Facility Limited - 29th February 2012
Sea France
K-Lift
Fashionfast
Radar Homes Management Company
