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Ltd Insolvency & Company Closure

Professional guidance for limited company insolvency, liquidation, and closure options.

If your limited company is facing financial difficulties or you're considering closure, we can connect you with specialist insolvency practitioners who can guide you through the legal process and help you understand your options.

Bounce Back Loan Considerations

  • Bounce Back Loans are government-backed and may have different repayment terms
  • Directors may have personal liability in cases of fraud or wrongful trading
  • Proper closure procedures can help protect directors from future claims
  • Professional advice is essential to navigate these complex situations

Legal Closure Options

Members' Voluntary Liquidation (MVL)

For solvent companies that want to close. Directors declare the company can pay all debts within 12 months. Tax-efficient way to extract funds.

Creditors' Voluntary Liquidation (CVL)

For insolvent companies. Directors and shareholders decide to wind up the company. A licensed insolvency practitioner is appointed to handle the process.

Compulsory Liquidation

Court-ordered liquidation, usually initiated by creditors. The court appoints an official receiver to wind up the company.

Company Voluntary Arrangement (CVA)

An agreement with creditors to pay debts over time. Allows the company to continue trading while repaying debts.

What Our Partners Can Help With

  • Assessment of your company's financial position and available options
  • Guidance on director responsibilities and potential liabilities
  • Management of the liquidation or closure process
  • Communication with creditors and HMRC
  • Protection of directors' interests throughout the process

Important Note

We work with licensed insolvency practitioners who are regulated by professional bodies. Early advice can often lead to better outcomes and may help preserve value for creditors and shareholders.

Need Advice on Company Closure?

Contact us for a confidential discussion about your situation. We'll connect you with the right specialists.

Contact Us

Sources & Further Reading

  • GOV.UK - Company Insolvency
  • Insolvency Service - Liquidation Guide
  • Companies House - Closing a Company