Do you need Company Liquidation advice?
We know taking that first step is difficult, here’s how speaking with us can help:
- Free and impartial advice
- Completely confidential
- Stop creditor pressure & HMRC action
- Write off company debt
- Save your business
Call us on 0800 731 2466
Send us a message
Please enter your contact details below to send a direct message to one of our regulated license holders for impartial, confidential advice about your options:
We’re Company Liquidation Specialists
Our Partner led team have helped hundreds of companies over their 40 years’ combined experience.
We’ve worked with businesses of all shapes and sizes, operating within industry sectors from building & construction, leisure, hospitality & retail, to engineering, manufacturing, technology and creative businesses plus many more.
FAQs - Creditors Voluntary Liquidation (CVL) or Insolvent Liquidation
If the company is insolvent and cannot pay its debts, a creditors voluntary liquidation (CVL) is an orderly way of closing the company. It is a process started by the directors who instruct an insolvency practitioner such as Ideal Corporate Solutions. For further information see our CVL page.
All creditors (debts) will have a claim in the liquidation process. The debts remain with the limited company and we will deal with all creditors within the liquidation process, in accordance with our statutory duties – including HMRC, business rates, landlord, suppliers and anyone else owed money on liquidation.
Yes. We always instruct professional valuation agents who will assist us in this process. A Liquidator has a duty to achieve the best price for company assets to go into the liquidation estate. Typically, the existing directors and business owners would offer the best price for the assets in a liquidation (compared to the alternative outcome of having the assets collected, marketed and sold to a third party at auction).
Our office is in Bolton, Greater Manchester however we work with businesses up and down the country. Our regulated license holders are available to meet up on short notice anywhere in England & Wales. During our initial advice call we can discuss any requirements for a face to face meeting, typically we can accommodate a meeting within 24 hours of your enquiry. However, we also have systems and processes in place meaning we can work on a remote basis if this is preferable.
There are statutory timeframes and notice periods to operate within. From the point of ICS having all the information we need, we will typically have all legal paperwork drafted within 24-48 hours meaning your company can be in liquidation within 10-14 days from initial engagement.
We don’t have a set price list as each instruction is priced subject to the advice needed and what work is required from us. However, rest assured that our charging structure is commercial, competitive and in line with expectations of a North West based independent firm. Following our initial advice call we’ll be upfront and transparent about the costs involved.
