New enquiry – Call David or Dan on 0808 1961496 or click on their name to email them a question

Liquidation Advice – What Directors Need To Know

When seeking liquidation advice you need a licensed insolvency practitioner to liquidate the company (or in some case’s a Court Order). It’s vital that you seek the appropriate advice before making any rushed decisions, most insolvency practitioners will provide a free consultation so speak with them to ensure you’re making the right choice. It is also best that once you have made the decision to liquidate a company to get on with it as soon as possible, in order to limit the financial loss and retain as many assets as possible.

Delaying can only make the position worse; for example for employees or creditors who do not know what they will get paid back so may continue legal action.


Liquidation stops all legal action and means the company can stop trading. Every claim for money owed can be fairly assessed and the assets realised (but sometimes there are none) and paid out in proportion.

Liquidation also stops creditors like HM Revenue and Customs, banks, landlords, suppliers from taking further legal action. It means you no longer have to produce annual accounts or VAT returns and your liability as a director to file forms at Companies House ends. It also means the government redundancy fund can kick in to pay out employees and directors.

Contact Kirks Insolvency for specific liquidation advice for your business. Want to know how long a company can be in liquidation?


More questions in this section

With 25 years' experience of dealing with insolvency
we know its important for us to put you first.
Find out how we
can help you

Latest from Twitter Latest from Twitter


We can't load in our latest Tweet from Twitter right now
Please check back later or visit Twitter

Connect with us on LinkedIn Connect

Receive our email newsletter

Email Newsletter

Enter your details to receive regular updates from Kirks.

Don't worry, we don't use your details for any other purposes so you won't receive spam from any third parties.


Request A Callback

Simply fill out the short form and one of our team will get back in touch with you at your convenience.

Your Name (required)

Your Email

Telephone (only if we should call you)

Best time to call

Nearest town or city?

Please email me