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01392 474303

How Quickly Can I Liquidate My Company?

The quick answer

You can put your company into liquidation within seven days by giving written notice to all known creditors. We would normally do this for you. Shareholders are entitled to a longer period of 14 days notice unless they consent to short notice (they often do). 

In more detail

Liquidate My Company

Although you do need to give shareholders 14 days notice, if 90% of the shareholders agree to short notice then the shareholders meeting can be held sooner. This means that you can liquidate your company in seven days. This is what we usually do to speed the process up and the sooner you do it the sooner it stops creditors from contacting you. 

In practical terms we 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 of 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 prepare all of the paperwork for you to sign that will be sent shareholders and creditors. We then send all the liquidation paperwork to creditors and deal with any questions they have. 

Time can also be saved by us emailing you all of the necessary forms we need you to sign. We can send these in Adobe sign so there is no need to print everything and you will be given a copy to keep.

We can do everything to liquidate your company quickly online.  

tip

If you need insolvency advice the earlier you talk to someone like us the better as you will have more options. We can help, contact us today.
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