When a company can’t pay its debts or decides to close, it goes through liquidation. A liquidator is a person who helps close the company properly. They collect and sell the company’s assets and use the money to pay back creditors in a set legal order. What Happens to Debts During Liquidation When a company […]
What Happens to Your Company’s Debts After Liquidation? Read More »
Every business big or small can face financial challenges. Issues such as cash flow shortages, mounting debts, or the loss of key clients can quickly escalate if not addressed. When these problems remain unresolved, a business may be forced into liquidation a formal process where assets are sold to repay creditors. Liquidation carries serious consequences,
When a company goes into liquidation, it means the business can’t pay its debts and must close down. An Insolvency Practitioner is appointed to sell the company’s assets and use the proceeds to pay its creditors. Liquidation doesn’t just affect the business and its directors it has a direct impact on employees too. Staff may
The Impact of Liquidation on Employees: Wages, Redundancy, and More Read More »
A Director’s Loan Account (DLA) is a record of money a director has either borrowed from or lent to their company. It can include personal withdrawals, expenses, or loans made to the business. When a Director’s Loan Account (DLA) is overdrawn, the director owes money to the company. This can happen if personal withdrawals exceed
How to Handle an Overdrawn Director’s Loan Account During Liquidation Read More »
Insolvency is a difficult situation that many UK businesses face, often due to financial mismanagement, unexpected market changes, or other factors. Choosing the right insolvency practitioner for your business in the UK can significantly affect how smoothly the process goes. An experienced practitioner can offer crucial guidance to manage debts, restructure your business, or handle
How to Choose the Right Insolvency Practitioner for Your Business in the UK Read More »
Understanding UK liquidation costs in 2025 is important for any company planning to close. The cost to liquidate a limited company depends on your financial position and the type of liquidation. Some directors want to close a solvent business using MVL. Others need to shut down an insolvent company through CVL or compulsory liquidation. Each
UK Liquidation Costs Explained: What You’ll Pay for CVL, MVL & Compulsory Liquidation Read More »
Investing in real estate and private equity funds can provide significant returns, though it also involves certain risks. Understanding both the rewards and challenges associated with these investment types is essential to making informed decisions. These investment options provide unique opportunities if you’re seeking steady income or the potential for higher returns. In this article,
The Risks and Benefits of Investing in Real Estate and Private Equity Funds Read More »
Liquidating a limited company in the UK means legally closing the business and handling all debts and obligations correctly. Business owners may need to liquidate due to financial difficulties, a decision to close a solvent company, or restructuring plans. This article will explain the liquidation process step by step, helping you close your company without
How to Liquidate a Limited Company in the UK Without Hassle in 2025 Read More »
Business liquidation is the formal process of closing a company. It involves selling the company’s assets to repay creditors. This can happen for various reasons, such as financial trouble or the company fulfilling its purpose. There are three main types of liquidation Creditors’ Voluntary Liquidation (CVL), Members’ Voluntary Liquidation (MVL) and Compulsory Liquidation. Each type
Everything You Need to Know About CVL, MVL, and Compulsory Liquidation Read More »