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Unable to pay business debts? You’ll need an Insolvent Liquidation.
Looking to close your business and extract assets in the most tax-efficient way? That’s a Solvent Liquidation .
You may be able to Dissolve Your Company instead, saving you money.
Closing a Company
We'll explain the details and recommend the right approach
Creditors Voluntary Liquidation
A Creditors’ Voluntary Liquidation (CVL) is a formal insolvency process where a company’s directors voluntarily decide to wind up the business because it can no longer pay its debts.
A CVL allows directors to take control of the process and appoint an insolvency practitioner of their choice to oversee the liquidation.
Members Voluntary Liquidation
A Members’ Voluntary Liquidation (MVL) is a formal process used to close a solvent company. An MVL is initiated when a company can pay all its debts but the shareholders decide to close it down for strategic reasons.
An MVL is often a tax-efficient way to close a business, as distributions to shareholders may qualify for Business Asset Disposal Relief.
Compulsory Liquidation
A Winding-Up Petition can result in a Winding Up Order which usually forces a company into Compulsory Liquidation This is to be avoided.
Dissolution
If your company is solvent with assets of less than £25,000 then Company Dissolution is usually suitable and typically costs a few hundreds pounds.
Directors Redundancy Payments
Outstanding wages and redundancy may be payable by the National Insurance Fund. See Directors Redundancy Calculator.
A Trusted Partner since 2007
Why directors choose Swift Liquidations
Free Assessment
Feel free to give us a call for an informal chat - it won’t cost you a thing, and there’s no need to disclose your business name. Speak with us in confidence - we’re here to help.
Certified Professionals
We've been supporting businesses to liquidate and individuals with personal debts for 18 years. We've done it all - from sole traders to complex corporations - and everything in between.
Nationwide Coverage
Liquidations don't require a physical meeting - it's all online and by phone - keeping the costs right down. For liquidations involving item disposals - such as equipment and furniture - we leverage our partner network to efficiently handle these tasks.
