14 Feb 2025
5 min read
Liquidation on your terms.
It takes guts to open a business. And even more to make tough decisions about its future. No business owner should have to make those decisions alone.
Call 0800 054 6580Contact Us
We can help you if:
- You need relief from HMRC or creditor pressure
- You have an unpayable Bounce Back Loan
- You need free, confidential advice immediately
Why Choose us
We'll look at your business from all angles and give you options. If liquidation is the best route, we'll guide you every step of the way. If it's possible to keep your business open, and that's what you choose, we can help with that too.
Free initial consultation
Talk to us confidentially about your situation, before you commit to anything
Positive outcomes
We help you close your company in a structured and compliant way, minimising stress and potential legal repercussions.
Alternative solutions
If you have a viable core business, our team can also explore other options such as restructuring or company rescue.
Competitive Fees
We won't charge you over the odds for our insolvency and liquidation services.
Proactive approach
By taking the time to understand your situation we can overcome any issues before they arise.
No Paperwork
We'll take all the liquidation paperwork off your hands and organise any meetings required.
Qualified, regulated experts
You can trust our licensed insolvency practitioners to give legally-sound advice.
Transparent Process
We'll keep you informed every step of the way so you know exactly what's happening... and what's next.
What is Voluntary Liquidation?
Voluntary company liquidation is a formal process where a company's directors and shareholders choose to close the business because it's either insolvent (can't pay its debts) or to extract significant retained profits from it. There are two types:
- Creditors’ Voluntary Liquidation (CVL): Used when a company is insolvent and can’t pay its debts. Directors take control by voluntarily closing before creditors force action.
- Members’ Voluntary Liquidation (MVL): Used when a company is cash-rich but no longer needed. This is a tax-efficient way to close a company with more than £25k in retained profits.
Both processes mean the company is properly wound up, debts are managed legally and directors fulfil their responsibilities.
Find out MoreOur Services
We know that 'one size fits all' doesn't work when it comes to solving your business' challenges. So instead, our nationwide team of business rescue experts and licensed insolvency practitioners partner with you to find a solution that fits your business.
Creditors’ Voluntary Liquidation (CVL)
A Creditors’ Voluntary Liquidation (CVL) is for companies that cannot pay their debts and want a structured approach to closing.
Members’ Voluntary Liquidation (MVL)
An MVL helps reduce tax liability, making it ideal for winding down solvent companies with retained profits of over £25k.
Compulsory Liquidation
Compulsory liquidation is a legal process that forces a company to close when it cannot pay its debts on time or in full, and its creditors apply to the court for winding-up petition.
Start Afresh Liquidation
Start Afresh Liquidation’ service is unique to us, and offers a responsible way to close your insolvent company, settle debts and create opportunities to rebuild.
No Asset Liquidation
No Asset Liquidation is a structured process that allows company directors to close an insolvent company without available funds or assets.
Winding Up A Company
If your company is struggling with unmanageable debt and has no viable way out, winding up the company using a formal insolvency process is a straightforward, legally responsible way to take control of the situation.
Our Industry Partners
LIQUIDATION.CO.UK is part of the FTS family
FTS Recovery is a national firm of licensed insolvency practitioners, with offices and staff covering the whole of the UK.
We're built for the humans behind the business.
As a firm that's been designed by its directors from the ground up, we understand the challenges you face. Our experts provide straightforward, tailored business advisory, and insolvency and liquidation solutions -- to give you the clarity and confidence to confidently move forward.
Knowledge Centre
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