How Quickly Can I Liquidate My Company?

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 liquidate 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 an online meeting, meeting in person 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.  

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Can I stop my company being wound up?

How do I remove a liquidator?

If I close or liquidate a limited company will I be personally liable for the tax debts?

Do I have to attend the creditors meeting?

What’s the difference between liquidation and administration?

Is there stamp duty on a distribution in specie in a solvent liquidation?

What Happens If I Can’t Afford to Liquidate My Company?

Do I need to repay my directors loan before liquidation?

Will my CBIL loan be written off if I close?

What debts are written off on liquidation?