Company Liquidation
Company directors initiate this with the help of an insolvency practitioner. They will take the relevant steps to wind the company up and this will include the appointment of a liquidator.
How it starts?
Directors assess the company as insolvent and unable to continue. A resolution is passed that the company should be wound-up and a liquidator appointed.
What happens next?
At a meeting of shareholders the company is wound-up. A creditors' meeting follows this when a liquidator is appointed.
How can we help?
We are able to assist with the structuring of a new company and the winding-up of the old company.
End result?
All creditor correspondance is dealt with by the liquidator and their claims agreed.
