Company Liquidation Advice

Clarke Bell has helped many companies with company liquidation. As a firm of Licensed Insolvency Practitioners based in Manchester, we want to assure you that company liquidation is not as frightening as it seems. Voluntary liquidation is in fact just a stepping stone in your career and business, and is the ideal way to break the cycle of worry and stress which your company might be causing you due to its debts.

We have been working since 1994 to help many hundreds of different businesses across the UK with business liquidation advice and a smooth business liquidation process. From the moment you contact us, you can count on our team to guide you through every step of the way and handle all necessary legal and administrative paperwork on your behalf.

What is Company Liquidation?

Company liquidation is the process where the directors of a company put the company into business liquidation. You may have heard this referred to as "winding up a company".

There are two types of liquidation, voluntary and compulsory. A compulsory liquidation is a process where a creditor issues a petition through the Court to have the company wound up.

When it comes to a Voluntary liquidation, if the company has sufficient assets to be able to pay all of its debts to its creditors, it will be a solvent liquidation, also known as Members Voluntary Liquidation or MVL.

However, if the company has insufficient assets to pay all of its debts to its creditors, it will be an insolvent liquidation, also known as a Creditors Voluntary Liquidation or CVL.

Worried about Liquidation?

Do not worry about voluntary Liquidation. It isn't about losing your business, it is simply where your company is closed but actually the business can continue. It is a practical solution to businesses that have crippling debts.

How a Business Liquidation works

One of the experts at Clarke Bell who is a licensed liquidation practitioner acts as the Liquidator. In order to put the company into Creditors Voluntary Liquidation, or CVL, a meeting with the company's directors is held to instruct a Licensed Insolvency Practitioner to assist them. Once appointed as the liquidator, they will then take control of the company and its assets.

If you are considering company liquidation and want company liquidation advice, contact Clarke Bell today for an honest discussion about your business and some hands-on solutions which can help to resolve your problems, so you are then able to move on.

Business Liquidation Case Studies