Company Liquidation Trefanny Hill in Trefanny Hill

Contact Us

As scary as it may for seem for businesses, old and new, there may come a point when liquidation is the only viable option remaining. So how did you get to this point? There is a number of reasons why liquidation of a company may become a necessity, for example, it may be that your company is simply not profitable anymore – or it may be that your company has taken on too much debt and your creditors are forcing you into compulsory liquidation.

Whatever the reason, we can help guide you through the process and give you all the information you may need to get the ball rolling.

Find Out More

What Does Liquidation Mean?

So, what exactly is liquidation and what does it mean for you and your company? Well, quite simply, liquidation (sometimes known as a winding up order) is a process that sees a company brought to an end – with its assets and property then being redistributed in order to pay off its debts.

You will find three different types of liquidation, two voluntary and one compulsory, but we’ll have more on that later – however, the end goal of all three remains the same – to bring your business to an end.  If you’re unsure of what type of is suitable for your company, don’t worry, we will do all we can to help and guide you through the process.

How to Liquidate a Company

If you’re feeling a little overwhelmed and don’t know where to start, don’t worry, we can talk you through the process of liquidating a business – but here’s a brief overview.

When liquidating a company, there are generally five main steps to follow in order to complete the process. Firstly, an insolvency practitioner will be appointed as Liquidator and it is their job to oversee the whole process and ensure it runs as smoothly as possible for all involved parties.

Secondly, all of the company’s assets are then assessed and liquidated. Next, creditors will then be paid what they are owed (or an agreed upon amount) in order of priority. Then, any surplus cash remaining will then be distributed to the directors accordingly. Finally, the company is dissolved and is the struck off the registrar of companies and Companies House, meaning it will no longer be able to operate or trade.

Contact Our Team

Types of Liquidation

There are currently three types of liquidation available to companies – two voluntary processes and one compulsory process.

·         Firstly, there is the voluntary liquidation of an insolvent limited company. This type involves the dissolution of the business and sees it assets redistributed to its creditors. This is generally seen as a last resort for companies, but it can also be a rational decision that may not necessarily mean the end of the business, as it enables directors to write off unsecured debts that have not be guaranteed personally.

·         The second form of voluntary liquidation is that of a solvent limited company. Otherwise known as a Member’s Voluntary Liquidation (MVL), this is generally considered the fitting way to liquidate a company and can even be used as part of an exit strategy. Reasons for considering an MVL may be that you are looking to reduce taxation by closing your company as part of a business plan, or your business may simply be coming to an end naturally. You must consider, however, that to be eligible for an MVL, a declaration must be signed confirming that there are no remaining creditors (including HMRC).

·         Finally, there is compulsory liquidation of a company. This is considered the most severe of all three types – as it is usually initiated by a creditor that is aiming to force to company to liquidate, usually in the form of a court order. It’s safe to say, you may not be too happy with your business being forced into closure, but do bear in mind, this is generally a last resort by creditors, probably after several unsuccessful negotiations over missed payments etc.

If you do find yourself in this situation, do be aware that your conduct during this process will be reported to the Secretary of State at the end of proceedings and if you have failed to cooperate, there may be some pretty serious consequences.

Liquidation Process UK

Here in the UK, there are several things that need to be considered before the liquidation process can even begin. For example, directors must meet to pass a resolution to convene a general meeting for liquidating the company, per the Companies Act 2006.

When the meeting is agreed, all creditors must be notified at least seven days before said meeting is due to take place and an advert must be placed in The Gazette within 14 days. A statement of affairs must then be drawn up by the directors, to prevent at the meeting. After the meeting has taken place, one director must then be chosen to formally represent the group at the meeting with the creditors.

You may be wondering how long the UK liquidation process will take, in regards to winding up your business. But, the truth is, there is no accurate answer for this, as each case is unique and it generally depends on the size and complexity of the business – as well as its debts, assets and property.

It’s also worth noting that if you were the director of a company in compulsory liquidation or creditors voluntary liquidation, you will be banned from forming, managing or even promoting a business that has the same name, or a similar name to your liquidated business – unless you have been granted permission to do so by the court.

Find Out More

We appreciate that all of the above may seem like a lot to digest, at an already stressful time if you are going through, or considering going through liquidation of a company, be it voluntary or involuntary. However, you can rest assured that the insolvency services we offer are here to help and assist you in getting the best possible outcome for yourself and your business.  

Get In Touch

We cover Trefanny Hill (Cornwall)

Get in touch

We aim to get back to you in 1 working day.


Skip to

Gallery

Other locations available for company liquidation trefanny hill
Maypole Gam Belowda Newtown Carne Crumplehorn Trelissick Caradon Town Carkeel Fivelanes Hendra Croft Piece Trevia Townshend The Town Dimson Latchbrook Sparnon Medlyn Port Isaac Trelake Cross Coombe Bocaddon Boswin Bethany Brane Trenance St Erth Bodieve Golden Bank Badharlick Reen Manor St Keverne St Mawes Eastcott Philleigh Gonamena Beeny Ruthvoes Tredinnick Churchtown Trematon Bissom New Mills Trerise St Mellion Breage Trewoodloe Hendrabridge Three Holes Cross Copperhouse Trenarren Lantyan Tredrizzick Port Quin St Wenn Sticker Phillack Mena Stursdon Mount Ambrose Treburgie Pendeen Rosenithon Bodinnick Roseland St Breward Burgois Coxpark Boswednack St Martin Porth Navas Tregonning Pityme Hick's Mill London Apprentice Troswell Turfdown St Juliot Stonaford Tregullon Laity Moor Catchall Petherwin Gate Lanreath Trewithick Knightor Polwheveral Wringsdown Westdowns Carharrack Treator Watergate Treburgie Water Crooklets Tremail Rosecare Tredinneck Porthallow Zelah Leburnick Carn Arthen Coxford Wheal Frances Trewindle Boswarthen Portherras Burraton Creegbrawse Withiel Rame Newhall Green Bohetherick Pelynt Helstone Vellanoweth Middlewood Menheniot Lelant Rose Newtown Sheffield Bodwen Two Burrows Scorrier Kea Grade Treskillard Threewaters Ponts Mill Roche Idless Ladycross Tregellist Reskivers Tremethick Cross Carpalla Trewoon Tolgus Mount Trelissick Tolcarne Kerley Downs Stoke Climsland Trereife Rock Polladras Upton Towans Tregona Middle Dimson Tregidden Fraddam Lower Porthpean Amalveor Bossiney Hale Mills Readymoney Nine Maidens Downs Lower Treluswell St Gennys Darleyford Trewassa Penryn Wheal Alfred Muchlarnick Brighton Wainhouse Corner Lanstephan Bolitho Netherton Carthew Whitstone Upton Crugmeer St Tudy Penwartha Trewey Widemouth Bay Newtown Crowlas Carleen Millpool Rising Sun Treskilling Penponds St Agnes Lower Lank Trussell Ruan Major East Looe Higher Stanbear Wilcove Penbeagle Box's Shop Tresevern Croft Helford White Cross Perrancoombe Allet Trehunist Puddle Trevadlock Lower Denzell Butteriss Gate Portreath Moorswater Housel Bay Goverseth Antony Passage Trevigro Cutmadoc Penmayne Lezerea Curgurrell Treween Rescassa Kerris Roskear Croft Chacewater Holy Vale Truthan Coverack Mullion Trethowel Castle Gate Rosewarne Downend No Man's Land Trerulefoot Carlidnack Degibna Trevail Insworke Lanescot Castledore Trevarrack Tresillian Welltown Trevilley St Lawrence Burniere South Tehidy Carnhot Woolley Tregavarras Fletchersbridge Polmear Boconnoc Laneast Red Post Hatt Trelion Lane Cowlands Boscreege Tregenna Bealbury St Columb Major Tredannick Frogpool The Towans Downrow Tresean Latchley Lowertown Wheal Rose Harlyn Trew Trevilla Criggan Merry Meeting Tubbs Mill Maders Polmorla Trematon Castle Middle Taphouse Lower Town Treworrick Bolventor St Thomas Higher Condurrow Gwinear Downs Treburley Garras Predannack Wollas Halton Barton Banns Creed Ashton Tregony Coombe Bodilly Buttsbear Cross Madron Parkfield Meaver Tresowes Green Chilsworthy Trethewell Silverwell Torwell Treworld Caroe Rilla Mill Pentewan St Just in Roseland Penelewey Cusgarne Trevarrian Tresawle Sithney Calenick Castallack Little Petherick Germoe Polmassick Mellangoose Newmills Hay Gulval Burraton Coombe Treswithian Downs Gunnislake Hersham Gunwalloe Fishing Cove Hill Treworlas Trevowhan Lanlivery Park Bottom Trevorrick Lower Kenneggy Landulph Cross Jacobstow Gwedna North Beer Coombe Treath Trevone Todpool Trebilcock Penstraze Rockhead Paramoor Higher Bosavern Comfort Gwavas St Martin Lidwell Porcupine Colan Little Polgooth Woodabridge Tregonhawke Tresamble Treloquithack Hewas Water Temple Trenhorne Bangors Church Cove Skinner's Bottom Herodsfoot Trewalder Mabe Burnthouse Penhale Constantine Bay Cannalidgey Little Beside High Street Trenoon Canworthy Water Lanhainsworth Whitecross Trekeivesteps Trevenen Bal Higher Ninnis Retire Tencreek Penhallow Goosewell Northward South Hill Lostwithiel Trewetha St Stephens Trendeal Tregear Sennen Cove Towan Cross Higher Hampt Roseworthy Barton Withielgoose Mills Leedstown Treveal Truro Crafthole Carfury Gwithian Carbis Nanstallon Mulfra Billacott Trevarrick Banns Vale Crahan Connon Longrock Rosevean Mawgan St Pinnock Mitchell Nancenoy Padstow Farms Common Tregamere Tregonetha Hellandbridge Tilland Edgcumbe Gang St Anthony Truas Rosemelling Trevelmond St Teath Couch's Mill Rosemergy Little Comfort Bottoms Tremedda Goon Gumpas Golant Trezelah St Ann's Chapel Gwenter Tredaule Bowling Green Penpillick Relubbus Chyvarloe Trewint Tremar Winnard's Perch Callington Botallack Trevegean Trengune Shop Penpethy Rejerrah Treliske Constantine Hayle Trewen Trewint Gooseham Chynhale Castlegoff Carzise Penhalurick Tregole Sharptor Polmarth Marshgate St Erme Bridgetown Carnyorth Prospidnick Treningle Carbis Bay Rose-in-the-bush North Petherwin Trewethern Trethillick Pensilva Redgate Mount Charles West Portholland Laddenvean Viscar Durgan Calloose Lower Boscaswell Zennor Trebehor Bareppa Trenance St Dennis Cardinham Mountjoy St Erth Praze Paynter's Cross Grumbla Burlorne Tregoose Tregunna Penrose Reawla Herniss Trezaise Cooksland Treesmill Lower Dimson Lane-end Lower Tregunnon Trevalgan Plain-an-Gwarry Talland St Hilary Trencreek Milltown Penhallick Downderry Slaughterbridge Twelveheads Torfrey Mount Hawke Dunveth Mineshope Sandylake Rumford West Tolgus Goonlaze Wall Albaston Portmellon Trebursye Charlestown Pentire Gilbert's Coombe Gorran Churchtown Notter Gillan Tregonna Pantersbridge St Michael Caerhays Towednack Hugus Newlyn Godolphin Cross Treskinnick Cross Fentonadle Davidstow Treal Blisland Crofthandy Trevelver St Ive Trewornan Trevalga Caudworthy Treen Summercourt Splatt United Downs Lower Ninnis Shortacross Tregew Rinsey Trebeath Wanson Balnoon Veryan Green Fairy Cross Trefula Coad's Green Freathy Great Work Gunwalloe Shop Golberdon Carnebone Tregarne Treneere Hessenford Week Green Trebyan Trekenning Poughill Trevorgans Berriowbridge Seaureaugh Moor Trethewey Tresinney Portloe Truthwall St Kew Highway Callestick Tresmorn Eggbeare Sandplace Veryan St Allen Portholland Bosleake Highter Bojewyan Tywardreath Highway Kingbeare St Buryan Penmarth Treslothan Brunnion Seaton Kestle Mill Kilhallon Downgate Trispen Zoar Ponsongath Trevithal Pennytinney Darite Church Town Polbrock Garker Trenay Ashton St Stephens Carloggas Polruan Ruthernbridge Gothers St Mewan Treneglos Sladesbridge Mylor Churchtown Hendra Peterville Sancreed Lower Trebullett Trenewan Treviskey Trethosa Penrose Hill St Mawgan Great Tree Connor Downs Percuil Cripplesease Newport Enniscaven Coswinsawsin Illand Trenant Kestle St Clether Newbridge Budock Water Polbathic Treknow Doddycross St Endellion Porth Kea St Levan Tregiffian Boscadjack Roseworthy Palmersbridge Carzantic Trefrize Valley Truckle Releath Higher Boscaswell Maenporth Tregarlandbridge Polpenwith Gweek Cross Trewollock Tresawsen Tregurtha Downs Sithney Common Lower Rose Hendra Daw's House Edmonton Milltown Higher Dimson Launceston West Curry Badgall Melinsey Hendra Bosavern Treskerby Trencrom Drift Trillacott South Carne Perranuthnoe Kenwyn Porkellis Truscott Delabole Highertown Poltesco Mount Charles Carnkie Par Treovis Carnhell Green Kersbrook Cross Lower Amble Engollan Dunmere Mawnan Smith St Keyne Churchbridge Treviscoe St Columb Road Bolingey Trythogga Bofarnel Mawla Higher Crackington Bude Timbrelham Minions Carne Mylor Bridge Killivose Barripper Clowance Wood Roserrow Higher Troswell Bodelva Trevarrack Cutmere Tregadillett Longdowns Carlyon Bay Tregurrian Trehemborne Sennen Polzeath Grampound Road Stratton Biscovey St Kew Bosporthennis Clapper Luckett Kelynack Burlawn Goonpiper Treen Trequite Horningtops Warleggan Gluvian Withielgoose Canon's Town Pengersick Tremaine Trussall Widegates Lower Mill South Wheatley Highercliff Trebell Green Forder New Polzeath Nantithet Playing Place Higher Town Kingston Carminow Cross Coldvreath Three Burrows Trebudannon Marhamchurch Rosedinnick St Minver Gracca Treliver North Darley Porthcothan Dobwalls Washaway Three Hammers Woon Lamorran Goonbell Tresparrett Posts Lower Trefrize Lower Trewellard Newham Morvah Carnon Downs Fowey Tuckingmill Gwennap Trethurgy Penweathers Roscroggan Higher Keason Indian Queens Lizard Rosudgeon Botusfleming Brea Levalsa Meor Sheviock Antron Tintagel St John Tolvaddon Downs Langore Addington Collery Lanjeth Perranwell Station Budd's Titson Tideford Common Moor Tywardreath Port Gaverne Brazacott Scredda St Enoder Fonston Treligga St Michael Penkevil Chyandour Kingsand St Anthony-in-Meneage Hellescott Lower Bodinnar Vogue Harrowbarrow Corgee Comford Terras Porthallow Coppathorne Trethevey St Day Higher Bal Tregajorran Lanner Trebetherick Sparnon Gate Tregada East Taphouse Tregorrick Knightsmill Crantock St Agnes Four Lanes Tolborough Millook Hugh Town Morwenstow St Blazey Gate Chycoose Cadgwith Henwood Wheal Busy Tredinnick Treviskey Thurdon Broadlane Markwell Stennack Hallew Trewint Tregatillian Penpol Trevena Amalebra Trevoll Pennance Treverbyn Trefanny Hill Lower Tremar Gwinear Higher Bojewyan Carloggas Lower Ninnes Gummow's Shop Swanvale Kestle Great Bosullow Tregeseal Carnkief Penwartha Coombe Trevance Camelford Rosenannon Porteath Old Mill Brent Wheal Baddon Manely Trescoll Hornick Trescowe Hannafore Redmoor Sithney Green St Ervan St Erney Trevollard East Portholland Coombe Trevilson Haye Fm St Germans Porthleven Middle Town Kuggar St Columb Minor Mayon Malpas Newquay Twelvewoods Higher Tremarcoombe Skewes Saveock Grimscott St Ive Cross Newbridge Tregolls Goonhusband Boquio Trefrew Perranwell Shutta Little Bosullow Helford Passage Pengelly Ruan Lanihorne Trenale Lower Woon Tresparrett Penare Blowinghouse Costislost Collamoor Head Bilberry Higher Truscott Trelowth Egloshayle Jolly's Bottom Little Downs Prussia Cove Tregorden Porthgwarra Portscatho Highlanes St Ruan Greensplat Fernsplatt Porthmeor Boswyn Calvadnack Mousehole Lanteglos St Blazey Helland St Stephen St Gluvias Forda Newtown-in-St Martin Larrick St Michael Penkivel Morval Bodmin Tregadgwith Trewartha Crowntown Millbrook Dolphin Town Ellenglaze New Grimsby Croft Mitchell Stourscombe Cubert Trebarber Charaton Cross Berepper Kehelland Higher Reen Flushing Middle Town North Dimson Boskednan Botternell Gospenheale Polpeor Ruan High Lanes Treworgans Poniou Troan North Tamerton Ventongimps North Country Tolskithy Ludgvan Threemilestone Wenfordbridge Treveor Carluddon Cold Northcott Tremore Lamorick West Pentire North Hill Nance Upton Lelant Downs Braddock Portwrinkle Talskiddy Cawsand Restronguet Passage Forder Otterham Station Bodiggo Penhallick Lesnewth Bishop's Quay Perran Wharf Brightonwater Lanivet Rillaton Otterham West Taphouse Jewell's Cross Boskenna Lansallos Trelawne Week St Mary Freewater Halvosso Perran Downs Trewellard Trelew Trelowia West Youlstone Trevarth Estate Altarnun Pencoys Ringwell Brillwater St Neot Pengold St Mabyn Praze-an-Beeble Perranwell Crowan Balwest Trewarmett St Just Sweetshouse Downinney Manaccan Perranzabuloe Old Kea Higher Porthpean Merrymeet Penhale Jakes Yeolmbridge Deveral Falmouth Parson's Park Sweets Wheal Kitty Helscott Lynstone Porthloo Perranarworthal Crackington Haven Higher Larrick Penhale Lewannick Chapel Amble Torrpark Treven Trevellas Victoria Flushing New Downs Bush Lanjew No Man's Land Trewidland Trelights Kenneggy Trevarth Trenance Feock St Winnow Upton Cross Manor Parsley Helebridge Trewedna Water Tutwell Lawhitton Ninnes Bridge Mingoose Sandy Bottom Longstone Nanpean Dizzard Sparry Bottom Whitemoor Cremyll Bealsmill Gloweth Molinnis Tregatta Roseworthy Halwin Ponsanooth Linkinhorne Calstock Treveighan Treburgett Tresarrett Praa Sands Bray Shop Keybridge Tregonce Luxulyan Kensey Valley Meadow Burras Bathpool Mulberry Kents Croanford Ponjeravah Narkurs Trevilder Escalls Horsedowns West Antony Sellan Church Coombe Baldhu Werrington Halabezack Newton Blackwater Menna Sutton Stithians Pendriscott Trenoweth Heamoor Mellingey Antony West Watergate Hendra Polborder Fraddon Polkerris Torpoint Forrabury Rosecraddoc Bolenowe Cross Lanes Lanteglos Highway Barbican Boscoppa Penpont Trevillett Lamellion Bokiddick Wadebridge Canworthy Wearde Crows-an-wra Boslymon Treswithian Tregardock Trevivian Cusveorth Coombe Foundry Goonvrea Bakesdown Rame Georgia Goonamarris Trehan Cury Trelan Black Cross Whipsiderry Ruddlemoor Goonabarn Budge's Shop St Issey Cargreen Tredethy Penhalvean Higher Tolcarne Higher Cransworth Tregeare Wringworthy Carclaze Trevanson Downgate Lamledra Bowithick Mawnan Parkengear Woodford Halsetown Newbridge Venterdon South Pill Devoran Trembraze Hele Middle Crackington Rosevine Bosoughan Carn Towan Parc Erissey Gollawater Pipers Pool Treburrick Harcourt Crelly Waterloo Treyarnon Pendoggett Bradford Duloe Carnkie Trelash Trevenen Rezare Crimp Paul Bodellick Bissoe Trenance Lower Croan Gerrans Langdon Withnoe Plushabridge Herland Croft Menagissey Bosorne Stibb Lavrean Pencuke Penzance Looe Clitters Demelza Mongleath Holywell Bridgend Boyton Launcells Cross Ladock Nanquidno Drawbridge Porthoustock Paynter's Lane End Seworgan Trewethen Marazanvose Polgear Trewennan Broad Langdon Kestle Inchs Pendrift Warbstow Hendraburnick St Newlyn East Retallack Helston Wendron Nancemellin Illogan Trenear Trekenner Carland Cross Come-to-Good Flexbury Drym Chapel Boscastle Ruan Minor St Veep St Cleer Norris Green Kennards House Chyanvounder Angarrack Treninnick Kilkhampton Maryfield Kerthen Wood Trewoon Bugle Tolcarne Wartha Trethellan Water Lezant Guildford Chynoweth Tregoodwell Cockwells Tresoweshill Carn Brea Village Busveal Rocky Hill Pencarrow Burnthouse Trebarwith Strand Doublebois Boscean St Austell Pengegon Trebullett Rinsey Croft Angarrick Trelill Carey Park Penberth Chenhalls Higher Land Lower Woodley Pengover Green Trerose Lantuel Cox Hill Newton Tregiskey Porthilly Clerkenwater Tramagenna Trewen Mawgan Porth Lank Higher Menadew Illogan Highway Pont Hellesveor Halamanning Ventonleague Wherry Town Tregavarah Polgigga Plusha Polperro Treforda Trecangate Currian Vale Rose-an-Grouse Polgooth Stencoose Quethiock St Jidgey Duporth Clampits Carnsmerry Drakewalls Buryas Br Launcells Tremayne Curry Lane Tresavean Treworthal Crow's Nest Penwithick Kelly Bray Trevenning Newtown Liskeard Varfell Old Town Rescorla Lower Treworrick Carthamartha Cambrose Plain Street Perranporth Lamorna Millendreath Redruth Manhay Gwills Tolvaddon Barkla Shop Porthtowan Egloskerry Goonhavern Grillis Hallworthy Toldish Merther Splatt Plaidy Saltash Portlooe St Merryn Trenault Trevanger Lower Sticker Longstone Quintrell Downs Pool Goonown Raginnis Landrake Tremorebridge Frogwell Nancledra South Petherwin Barcelona Lescrow Bunny's Hill Alverton Knave-Go-By Monkscross Tresmeer Mixtow Coombe Treneague Higher Downs Rosevear Porthcurno Tregoss Quoit Gorran High Lanes Lockengate Brill Bennacott Merther Lane Coverack Bridges Tredinnick Treleigh Mount Tredavoe Carclew Holmbush Trenerth Bethel Trevarren Boswinger Trenwheal Old Grimsby Foxhole Polyphant Michaelstow Porth Treverva St Ives Looe Mills Chapel Town Redtye Helston Water Nansladron Tregarland Penhole Shortlanesend Paul's Green St Breock Trewennack Dunslea Reskadinnick Camborne Metherell Tregreenwell Whitecross Lower Crackington Trebarwith St Eval Nancegollan Clampit Church Town Trewithian Fenton Pits Trevemper Resugga Green Grampound Griggs Mithian Mithian Downs Tolgullow Stoptide Kenneggy Downs Carwynnen The Residence Pillaton Greenwith Common Meudon Clubworthy Trevescan Deviock Mevagissey Stenalees West Looe Mount Millpool Penpoll Blunts Lerryn Trebartha Goldsithney Pempwell Dannonchapel Poundstock Crean Congdon's Shop Towan Treglasta Highertown Traboe Nanceddan Tideford Cross Plain-an-Gwarry Twinbrook Park Lower Menadue Scarcewater Gwallon Trevowah Tregrehan Mills Halgabron Probus Noonvares Lamanva Tremar Coombe Stepaside Lower Clicker St Clement Redpost Menadarva Boslowick Tomperrow East Tuelmenna St Dominick Treworga Landulph Mullion Cove Holmbush Lower Brynn Marazion Warbstow Cross Mornick Boduel St Ewe Troon Cocks Gorran Haven Menherion Dutson Old Cardinham Castle White Cross Roskorwell Bohortha Maxworthy Killaworgey