"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.”

There is a solution, it is called liquidation or more technically creditors voluntary liquidation. KSA can quickly end the worry and get the company liquidated 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.

5 Simple Steps to liquidate your company:

Step 1 – Find a Liquidator. We can help as we have a number of insolvency practitioners. Uniquely to KSA, 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 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 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.

Call us now to talk through the issues and get free advice, 0800 9700539. If you're based in the South East call 020 7877 0050. Based in the north? Call 0191 482 3343.

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)?

FIRST the simple description of a creditors voluntary liquidation (CVL).

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.

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.

EASY TO USE GUIDES, free when you click.

Creditors Voluntary Liquidation detailed guide please click if you want to learn more about the voluntary liquidation process.

Creditors Voluntary Liquidation flowcharts please click if you would prefer a simple-to-follow liquidation flowchart.

Creditors Voluntary Liquidation FAQ's please click if you would prefer frequently asked questions guide to help you understand the longer guide.

Guide to Wrongful Trading please click if you are worried about your own actions.

Guide to Compulsory Liquidation please click if your company faces a winding up petition or a threat of winding up your company.

Guide to Members Voluntary Liquidation please click for more guides on solvent liquidation.

Can I liquidate my own company? - please click for a short guide to liquidating your company.

NEW July 2010 - KSA Experts Complete Guide to Creditors Voluntary Liquidation - 50 page PDF free to download click here for safe free download

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.

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.

Want lots more information on liquidation? Visit our sister website...www.liquidatemycompany.com

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