What if there is a way we can quickly close the limited 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 specifically Creditors Voluntary Liquidation (CVL). KSA Group can help you to end the worry and get the liquidation of a limited company completed quickly and professionally. We can help you stop those creditor calls and worries, end those sleepless nights and ultimately help you, as directors, get on with your life. Listen to our audio guide on liquidation. No media download found.
What is Creditors Voluntary Liquidation?
a company goes into liquidation, the assets of the company, including its name, are sold and turned into cash for creditors. Only creditors can appoint liquidators, hence the name Creditors Voluntary Liquidation. For a detailed CVL guide, click here
Liquidation marks the end of the company’s life but it does not mean you are ‘disqualified’ as a director. You can start up new companies if you want to, however, there are very strict guidelines if you want to start up the same business again. Using the exact or similar name is a criminal offence, under section 216 of the Insolvency Act. See our page on phoenix companies for more information.
How much does it cost to liquidate my company?