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Liquidate My Business is an experienced business liquidation firm, helping directors to voluntarily wind-up their business with our fast, low-cost and simple liquidation service. We are fully licensed Insolvency Practitioners.
We understand how stressful business insolvency can be. We take the stress away from you – offering expert advice at every step of the process, ensuring your business is put into liquidation efficiently and without fuss.
Closing your business is usually a pretty pricey process – costing over £5000 – which isn’t ideal when your business is already undergoing financial difficulty. So if you’re looking to wind up your business in a low-cost way, then get in contact with us today.
We pride ourselves on our efficient, low-cost liquidation service that’ll help to solve your problems as quickly as possible, so you don’t have to deal with the stresses and strains that come with being chased by creditors any longer.
The liquidation of a company is a formal insolvency procedure which winds up a business, liquidating all of its assets (if any) and distributing the balance of funds to repay creditors. There are two main types of business liquidation for insolvent companies – compulsory liquidation and voluntary liquidation.
Compulsory liquidation is a process most commonly used by creditors to force a company into liquidation in order to get back the money they’re owed – often for unpaid tax debts due to HMRC.
As the name suggests, voluntary liquidation is when the company’s directors decide that the business is no longer financially viable and choose to voluntarily liquidate their company. Voluntary liquidation is a much quicker and simpler process compared to compulsory liquidation, and the company can be placed into liquidation in as little as 7-10 days, with no Court process.