How do I Liquidate my company

The following illustrates how we can assist you once it has been decided that there are no other options but to liquidate your limited company.

1. Contact us for initial advice and let’s look at the options
2. If the only option is to Liquidate the company we will compile the paperwork required to get the ball rolling
3. We write to all known creditors. Once creditors receive this letter they will usually stop chasing you for payment
4. If you intend to start trading again in the same line of business we will advice you on how to do that so you don’t get in trouble in the future.
5. Creditors/Shareholder meeting take place. The company is placed in liquidation at this meeting and you have nothing further to do with the business. The liquidator may require you to assist them with further information after this point.
6. Assets are sold to you or a third party. If you are buying the assets back and require funding for their purchase we can introduce you to companies that may finance them. You may also need help with your cashflow, we may be able to assist here as well.

The above is a simple overview of a liquidation and some parts may not apply to all liquidations.