Liquidation with Ingenious Turnaround
Network of 23+ partner offices across the UK, enabling us to move quickly to help
Same Day Meeting possible
Free No Obligation Initial Advisory Meeting
Ingenious will guide you through every step of the way
Prepack Finance Available
Why use Ingenious Turnaround for Liquidation
With a network of 23+ partner offices across the UK we’re able to move quickly to help get your liquidation started and kept on track. We’re here to guide you through every step along the way.
Our experts are available to talk to you now over the phone or in person, with a same day meeting possible in many cases. We offer a free, no obligation initial advisory meeting where we discuss all your options. And on top of all that, we can also offer assistance in finding finance to purchase assets back from the liquidator.
About Company Liquidation
Going into liquidation immediately brings an end to a company. This is different from Company Administration,
where a company has prospects of being turned around and wants to continue.
Below we’ve laid out a brief guide to the different types of liquidation. If you feel that any of these match your circumstances,
call our experts today for free advice on 0330 010 2620 or request a callback.
Creditors Voluntary Liquidation (Insolvent Liquidation)
This is where the company directors choose to go into liquidation because the company cannot pay it’s debts.
Members’ Voluntary Liquidation (MVL)
Members’ Voluntary Liquidation, otherwise known as Solvent Liquidation, is where the company has no debts, or has enough assets in the company to pay it’s debts before closing.
Compulsory Liquidation
(Winding Up Order)
Compulsory Liquidation occurs when a Winding Up Court Order has been received by the company from one of the company creditors. This occurs after a creditor has petitioned the court to wind up the company. A creditor can only do this if the debt is greater than £5000 or if they have security against the company.
Advantages of Liquidation
Cheaper than Administration
Brings the company's life to an immediate end
Assets (if any) are sold to enable a dividend payment to creditors
Creditors liaise with Liquidator and removes pressure on directors
Directors can purchase the assets from the liquidator
Directors can’t continue to use the trading name without applying for permission. Ingenious can help with this
What are customers are saying
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