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How Quickly Can I Liquidate My Company?

The quick answer

You can put your company into liquidation within seven days with written notice being sent to all creditors. 

 

 

 

In more detail

Liquidate My Company

Strangely though you do need to give shareholders 14 days notice and they have to decide first before the creditors but if 90% of the shareholders agree to short notice then it can be held right away or at the seven day point. This is what we usually do to speed the process up.

In practical terms we (as insolvency practitioners) need to discuss with you your company’s current financial position and make sure that liquidation is the right procedure for you first. This usually takes about a day to gather all the information unless your circumstances are very complicated. We can have a Zoom, Skype meeting or telephone call with you if you prefer.

We then get you to sign all the paperwork to go to shareholders and creditors. we produce all this paperwork for you and then deal with any creditor questions before hand. 

Time can also be saved with us emailing you all the necessary forms we need you to to sign (and you scanning and returning them to us). 

We can do everything to liquidate a company online with you to save time and allows social distancing.

More questions in this section

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
David Kirk - Kirks Insolvency Call Back

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