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01392 474303

Compulsory Liquidation

What is compulsory liquidation?

This is where the company is forced into liquidation by an unpaid creditor and the Court decides to wind the company up and appoint a Liquidator. Quite often the creditor pushing you down this route is HM Revenue and Customs.

It is good for;

  • The other side pays the costs of liquidation.
  • If you do not have any assets or anything left to save.
  • And you don’t want any control of the process such as being able to buy the assets back.

It is not good for;

  • Speed – as it can take three months or more to get into liquidation.
  • There is a fixed £6,000 fee plus 15% on assets realised.
  • Directors often find it intimidating being interviewed and questioned by the Official Receiver.



0808 1961496


Across the South West, London & Wales

We have just worked with Kirks to complete the closure of our company. Everything went smoothly and professionally. I would recommend this firm and the staff who were very very helpful and quickly finalised everything. Thank you Kirks.
Carol Hill



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David Kirk Portrait

David Kirk

Licensed Insolvency Practitioner