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News

Dealing with liquidation

If you are experiencing difficulties running your company or believe that it is insolvent then you must cease trading and be prepared to face liquidation. Read More

Compulsory liquidation

Compulsory liquidation occurs when the company is given a winding up order by the court. Read More

Seeking help for liquidation
The breakdown of a company can be a stressful time for all involved. When going through the process of liquidation, there are plenty of steps that can be taken to ease the stress of the situation. Read More

Reforming a company after liquidation
There is a chance that a company can reform after liquidation. The money from the company’s assets can be used to begin a new company. Read More

How to recognise when your company is ready for liquidation
There are several factors that contribute towards a company making the decision to enter liquidation. Read More

How to liquidate your company
If you have decided that liquidation is the best option, then there are many steps that you will need to take. Read More

How to avoid liquidation
There are steps that companies can take to avoid liquidation. Identifying problems sooner can save companies from facing liquidation. Read More

How liquidation affects employees
As well as liquidation being a difficult time for owners, it can also have a negative effect on the company’s employees. Read More

The advantages and disadvantages of liquidation
It is important that companies are aware of the pros and cons of undertaking liquidation. Read More

The aftermath of liquidation
Liquidation can have a series effect on the future of those previously involved in the company. Read More

The role of the liquidator                                                               
When a company enters liquidation, the liquidator plays a large part in the process. Liquidators will need to be fully trained and can operate on their own or via a court. Read More

Types of company liquidation
There are three main types of company liquidation. The type of liquidation that the company goes through can depend on a number of reasons. Read More

Types of liquidation
There are three main types of liquidation. A company can either be liquidated voluntarily or involuntarily. Read More

How to deal with liquidation

Liquidation is a process that is undertaken by companies that can no longer operate, mainly due to insolvency issues.

What is liquidation?
Liquidation is the process of a company coming to an end. When a company enters liquidation, its
assets are sold and turned into cash, which is used to pay off creditors. Read More

How companies can decide which liquidation process is best
Companies can decide which liquidation process is the best option for them by reviewing their financial situation and looking at other reasons as to why the company may need to be liquidated.
Read More

Pros and cons of liquidation
There are advantages and disadvantages to the liquidation process. Before a company decides to liquidate, it is important that they are aware of what benefits the process holds and what problems the company may be likely to face. Read More

Reforming after liquidation
Liquidation can be a devastating procedure for some companies as it may seem like the end, but there is a chance that some company directors may be able to buy their business back. Read more

The company liquidation process
Once a company has reached the decision to liquidate, the liquidation process will begin. The procedure will vary depending on what type of liquidation process the company goes through. For a Members Voluntary Liquidation (MVL) and a Creditors Voluntary Liquidation (CVL), a liquidator will need to be appointed in order for the process to be completed. Read More

The most common type of liquidation
Perhaps the most common type of liquidation is a Creditors Voluntary Liquidation (CVL). This is a process that is usually entered by companies that are insolvent. In order to initiate a Creditors Voluntary Liquidation, a meeting must be made by the board of directors and the shareholders of the company. Read More

Why companies enter liquidation
There can be a number of reasons as to why companies may decide to enter liquidation. The main reasons is usually if the company is insolvent. If this is the case, then the company may liquidate voluntarily or compulsorily depending on the severity of the debt. Read More

Why companies liquidate
There are a number of reasons why companies may decide to liquidate. One of the main reasons is if a company is insolvent. Companies with insolvency issues may go through a Creditors Voluntary Liquidation (CVL). Read More

The difference between bankruptcy and liquidation
Bankruptcy and liquidation are similar but there are differences. Liquidation usually occurs with companies whilst bankruptcy often affects just individuals. With liquidation, assets will be sold in order to pay off creditors and the company is usually brought to an end.
Read More

How companies deal with creditors during liquidation
The liquidation process can be difficult for companies, particularly during compulsory liquidation or a Creditors Voluntary Liquidation (CVL). During these processes, companies may face problems with creditors. Read More

How liquidation affects companies
How a company is affected by liquidation may depend on the type of liquidation procedure that the company goes through. Read More

Signs that a company is ready to be liquidated voluntarily
If a company is struggling financially, then it could be time to enter the liquidation process. If a company director feels that a business can no longer continue then they may arrange a meeting with shareholders to make the decision to liquidate the company. Read More

The causes of liquidation
There are a number of reasons why a company may go though the liquidation process. When companies liquidate, they are usually insolvent. Read More

Compulsory liquidation in a company
The liquidation of a company is not always voluntary. If a company is in severe debt, then it may end up being liquidated compulsorily. Read More

Why companies are liquidated compulsorily
Companies are liquidated compulsorily as a result of creditors taking action due to the company’s insolvency issues. Read More

What the future holds for companies after liquidation
Despite liquidation being a disheartening process for some companies, it does not mean the end. Some company directors may wish to continue trading. Read More

How companies decide which type of liquidation is best
The type of liquidation that a company enters depends on what reasons the company have decided to liquidate for. Read More

How to deal with liquidation
Liquidation is a process that is undertaken by companies that can no longer operate, mainly due to insolvency issues. Read More

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