Knowledge centre
Our experts have created this liquidation insights hub to help you with any liquidation questions you might have.
Insights
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. Liquidation involves selling off a company’s assets and using the proceeds to pay off its debts. Liquidation […]
What is company liquidation?
If you’re a company director or shareholder thinking about closing your business, liquidation is one way to do this. Here we discuss what liquidation is, the different types of liquidation, and the implications for a company and its stakeholders.
Does liquidation mean closing?
Liquidation is the process of winding up your company’s affairs and closing it. It involves selling off your company’s assets and using the proceeds to pay off debts if possible.
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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