Knowledge centre
Our experts have created this liquidation insights hub to help you with any liquidation questions you might have.
Insights
Business Asset Disposal Relief changes: Act now if you’re considering an MVL
Learn how April 2025’s Business Asset Disposal Relief changes will affect your MVL options.
Can you stop a winding up petition?
A question we often receive is: “Can I stop a winding up petition if it has reached this stage?” The answer depends on timing and the actions you take. Early intervention is key.
Difference between liquidation and administration
Liquidation and administration are two common insolvency procedures used when a company faces financial distress. Both aim to deal with companies that can no longer pay their debts and continue trading viably but they work in different ways.
Frequently asked questions
What are a director’s responsibilities in liquidation
As a director, there are strict guidelines to follow when liquidating your company. These are the most important things to remember.
How long does it take to liquidate a company?
We can help to take the pressure off by dealing with creditors very quickly but it will take a few weeks to be legally in liquidation.
Who pays for company liquidation?
This can depend on a few factors, such as whether the company’s solvent or insolvent, if it has assets to liquidate or not, and others considerations.
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