Liquidations made simple.
If you need to close down your limited company, we are here to help.
- 20+ years’ experience
- Low cost liquidations starting from £1499
- Put your company into liquidation in as little as 10 days
- Multi award winning service providers
Are you…
Unable to Pay Debts
Trading at a Loss
Retiring
Returning to Employment
Whether you are struggling to pay your debts as they fall due and in need of an insolvent liquidation or are looking to extract your company assets in the most tax-efficient way possible through a solvent liquidation, our experienced team make the liquidation process simple so you can move forward with confidence and reduce stress.
How can we help with your liquidation?
We understand how quickly circumstances can change and company liquidation can seem daunting regardless of the reasons. This is why we always keep things simple. Our friendly team of fully licenced Insolvency Practitioners will always ensure you are provided with the very best jargon-free advice throughout the process.
Your dedicated team of liquidation experts will always keep you informed and answer any questions, so you will always understand what is happening and why.
The Liquidation Centre is not a broker or an intermediary, we are an insolvency practice with fully licensed and regulated Insolvency Practitioners and are part of Exigen Group, we offer insolvency and commercial finance solutions to businesses of all sizes across the UK so you can be sure that your company’s liquidation process is handled with care and professionalism in one place from start to finish.
The Liquidation Centre can help you close down your limited company if your company is insolvent or solvent.
One of our expert in-house insolvency experts will speak with you to understand your situation.
If you decide you would like us to be your liquidation specialist.
If you are suffering from creditor pressure and the stress of mounting liabilities then contact us now and let us help to relieve those worries today.
Solvent or Insolvent? We can help.
The Liquidation Centre can help you close down your limited company if your company is insolv or solvent. We are experts in both Creditors Voluntary Liquidation (CVL) and Members Voluntary Liquidation (MVL).
CVL
Is your company insolvent?
- Are you currently trading at a loss?
- Are you unable to pay your debts?
- Do you have more liabilities than assets?
- Have you had to cease trading due to outstanding liabilities?
If you answer yes to any of the above, then a CVL could be the right option to close down your company.
MVL
Is your company solvent?
- Do you want to retire or go back into employment?
- Do you no longer require your limited company?
- Do you have net assets of over £25k?
- Have you been trading for at least 24 months?
- Are you looking for a tax-efficient and cost effective way to close down your company?
If you answered yes to all these questions, then an MVL could be the right option to close down your company.
We Keep it Simple
Contact Us
Fill out our contact form or call our advisors.
Expert Guidance
One of our expert Insolvency Practitioners will speak with you to understand your situation. We will take the time to ensure we provide you with the best possible advice and ensure you understand the options available to you.
Your Decision
If you decide you would like us to be your liquidation partner, we will ensure we make the process as simple as possible and provide you with support every step of the way.
The Liquidation Centre
As one of the UK’s leading limited company liquidation providers, we have a highly skilled team of professional Insolvency Practitioners and liquidation experts dedicated to providing a simple and personalised service to our clients.
As part of the Exigen Group we have over 20 years’ experience in liquidations and our unrivalled customer service delivers exceptional results time and time again.
You can be assured that our expert insolvency practitioners are here to help. It doesn’t have to be complicated; we are dedicated to keeping things simple.
Whether you want to release funds tied up for retirement or finally release yourself from creditor pressure, speak to us today.
The Guidance Centre.
In our aim to make liquidations simple, we have written a wide range of blogs to help you understand the process and give you guidance on what to expect.
Creditors’ or Members’ Voluntary Liquidation?
The right option for you will depend on your company’s financial health, is your company solvent or insolvent?
Read more
What does it mean to be insolvent?
Insolvency can happen at any point in a company’s lifetime which is why it is important to ensure you are always fully aware of the state of its current financial health.
Read more
How much does an MVL cost?
The Liquidation Centre offer fees starting from £2,500. We keep liquidations simple.
Read more
The role of Directors during Insolvent Liquidation
Once insolvent you will need to consider closing down your company in a professional and structured manner with a Creditors Voluntary Liquidation (CVL).
Read more
How much does a CVL cost?
Closing your company through a CVL can provide peace of mind. However, it is understandable that you may be concerned about the fees involved.
Read more
What is the role of an IP?
Financial distress can be overwhelming. Insolvency Practitioners are here to assess your situation and provide guidance on next steps.
Read more
Frequently Asked Questions
Can I buy back my assets?
The Liquidator will try to achieve the highest possible sale price for the company’s assets. An independent valuer will value the assets and they will then be sold to the highest bidder. If the directors of the company can offer the highest bid, in most cases they can buy the assets back.
Do I have other options?
Another option available to you is to strike off your company. Via this route Companies House charges £10 but you will pay income tax on your net assets. If you have net assets over £25K after all liabilities have been settled the tax saved via an MVL will usually mean you receive more cash at the end of the process than you would via a strike off.
How do I put my company into liquidation?
The shareholders can place the company into liquidation by passing a special resolution at a shareholders’ meeting. A resolution will also need to be passed to nominate someone to act as the liquidator.
After this, a “decision procedure” is held with the creditors of the company. This is where the creditors decide whether to approve the shareholders’ choice of liquidator.
How long does the process take?
Our express liquidation process means we aim to have your company in Liquidation within 10 days. We’ll be on hand to support you throughout the process.
Is an MVL suitable for me?
As long as you have over £25k of net assets to distribute to shareholders an MVL is likely to be the most tax-efficient way to close your business.
Net Asset Value – what is it?
Net Asset Value is the value of what your company owns minus its liabilities.
What happens with the money recovered by the liquidator?
These will be allocated in an order of priority which is as follows – the cost of the liquidation, secured/preferential creditors, and unsecured creditors.
What information do I need to provide?
You can start the process of liquidating your company by completing the simple form on our website. After this we’ll contact you to get all the information we need. We’ll need information on your company assets, creditors, and employees.
What is a liquidation?
A liquidation will allow you to close down your company in an orderly manner. The company usually ceases to trade and powers are granted to the Liquidator to close the company down and take control of the company’s affairs.
What is solvent liquidation or MVL?
A solvent liquidation or MVL (members voluntary liquidation) is where a solvent company appoints a liquidator to close down their company.
Closing your company in this way allows your assets to be transferred to you through capital distribution where you may be eligible for Business Asset Disposal Relief which was formerly known as Entrepreneurs’ Tax Relief. Here you are taxed at 10% on all company assets which can save you thousands of pounds.
What will happen to my employees?
Your employees will usually be made redundant. They will be able to claim redundancy pay and other entitlements through the National Insurance Fund. Your liquidator will help with the submission of these claims. If you are able to sell your business they may be able to be transferred to whoever purchases the business.