Company Liquidation Pamber End in Pamber End

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 Pamber End (Hampshire)

Get in touch

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


Skip to

Gallery

Other locations available for company liquidation pamber end
New Milton Brokenford Hook Park Estate Sherborne St John Ridgeway Parade Newtown Brockbridge West Ham Upper Farringdon Hale Gable Head Compton Silkstead Titchfield Common Bevois Mount Brockhampton Canada Moortown Eastney Nashes Green Crowdhill Upper Pennington Dibden Bisterne Close Bagmore Stockheath Thornhill Park Woodington Pound Green Ramridge Park Stonehills Burghclere Stamshaw Wildmoor Newtown Boldre Dipley Sutton Scotney Shipton Bellinger Andover Down Boyatt Wood Cole Henley Isington Hound Green Wishanger Common Lower Pennington Catisfield Hampton Park Dogmersfield Tangley Ashley Highcliffe Hiltingbury Drayton Picket Piece Little Down Littleton Kingsclere Woodlands Hazeley Heath Montgomery Lines Hammer Bottom Burley Street West Stratton Cosham Crookhorn East End Bursledon Dunley Prince's Marsh Farnborough Green Purbrook Lower Bullington Gosport New Brighton Bedenham Lane End Rushington East Boldre Earlstone Common Rownhams Brown Heath Broadgate St Giles's Hill Oliver's Battery Foxhills Hattingley North End New Alresford Ogdens Yateley Ashfield Crampmoor Broad Oak Heckfield Lowford Abbotts Ann Upper Street Up Green Chapel Cheriton Goose Green Egbury Hound Worting Bishop's Sutton Rowner Portsea Island Sholing Common Darby Green Water End Gilbury Hard North Oakley Hill Head Hedge End Holybourne Mullenspond Westwood Park Rockbourne Empshott Vernham Row Micheldever Headley Horris Hill Bitterne Manor Bailey's Hard Newnham Weavers Down Broughton Godshill Dora's Green Liss Forest Lower Green Rye Common Houghton Rowlands Castle Totton Charlwood Fareham Binley Elson Basingstoke Newtown Wickham Common Furzley Wharf Hill Fleetlands Passfield Woodlands Lower Burgate Ibthorpe Compton Hightown Hawley Eastrop The Frenches East End Sladen Green Chilworth Barton on Sea East Tytherley Hawthorn Ashford Hill Steventon Mead End Bramdean Ashley North Boarhunt Hatch Bottom Deadwater Ropley Redbrook Buriton Ecchinswell Purbrook Heath Bunstead West Tisted Eastland Gate Bisterne Fox Lane Oak Hill Bucklers Hard Frithend Winklebury Maybush Mapledurwell Netley Marsh Causeway Woodside Valley Park Peel Common Kings Furlong Badger Farm Midanbury Turkey Island Couch Green Applemore Lower Upham Eastleigh Little Basing West Wellow Gore End Stoke Charity Lower Turmer Northfields North Poulner Stoke Kent's Oak Brock's Green Red Rice Chilbolton Blackmoor Andwell Smannell Oakley Keeping Weeke Redlands Colden Common Selsmore Horsebridge Coxford Oakhanger Hillhead Wootton Tot Hill Turgis Green Langley Stonyford Bucks Horn Oak Newton Valence Tichborne Ridge Common Steep Marsh Wilsom Arford Brook Stone The Withies Penton Corner Sandy Down Beech Hill Mattingley West Hill Abbots Worthy North Kingston Seafield Vernham Dean Boarhunt Hartley Wintney Droxford Hensting Medstead Anstey South Weirs Tilly Down Timsbury Bucket Corner East Stratton Liss Turmer Bentworth Danebury Southsea Itchen Abbas Preston Candover Lower Slackstead Ashe South Town Inhurst Calmore Wimpson Shalden Stony Batter Netley Hill Fisher's Pond Stoke Bishop's Waltham Bedhampton Frenchmoor Stakes Golden Pot Cupernham South Gorley Woolston Farnborough Brickhill Fair Oak Green Calshot Weyhill Pilley Barford Weston Knights Enham Stanmore Well Rotten Green Odiham Halterworth Custards Mislingford The Hummicks St Mary Bourne Segensworth Deane Upper Slackstead Brown Candover Marchwood Minley Wherwell Fleet Upper Common Buddle Goose Hill Bashley Baughurst High Cross Hurstbourne Tarrant Dibden Purlieu North Charford Winchester Linkenholt Freemantle Highfield Lepe Rotherwick Ampfield Abshot Upper Ratley Forton The Holdings Newgrounds Popham Stony Heath Meon Cowplain Silchester Stubbington Holt Hawley Lane Thedden West Leigh Fawley Axmansford Pardown Cold Ash Hill Hill Grove Durrants Laverstoke Portswood Lower Wield Street End Finchdean Heath End Wymering Curbridge Hambledon Lord's Wood Upper Froyle Lower Farringdon Netherton Old Milton Northam Merry Oak Little Holbury Heather Row Swampton Kilmeston Sparsholt Little Shoddesden Warren Corner Middle Wallop St Denys Tadley London Minstead Lee Ground Andover Norleywood Petersfield Sholing Southington Barton Stacey Stoney Cross Hursley St Cross Vernham Bank Bevois Town North Houghton Lindford Little Posbrook Brambridge Lyndhurst Catherington Pitt Stoke Common Amport Liphook Hartfordbridge Regents Park Hythe Kingsclere Spanish Green East Anton Lower Froyle Landport Peartree Green Thorns Beach Plastow Green Polhampton Lordswood Farnborough Street Whitenap Goodworth Clatford Middleton Newtown Adbury Ringwood Hannington Sarisbury Rafborough Pucknall Furzedown Furzey Lodge Keyhaven Dilton Hyde Bagnum Lopcombe Powntley Copse Fritham Old Netley Flood Street Warren Corner Canada Common Romsey Salters Heath Bentley Ann's Hill East Wellow Bashley Park Bramshott Ellingham Standford Everton Shootash Ropley Soke Portmore Freefolk Selborne Lyde Green Chilworth Old Village Bickton Wildern Newtown Poulner Eversley Centre Springvale Furze Hill East Cholderton Lockerley Sheet Pamber End Hatch Warren Dowd's Farm Fleetend Blissford Lower Exbury Bassett Bordon West End Bull Hill Four Marks Heathfield Sopley Battramsley Banister's Park Pilley Bailey North Hayling Up Nately East Liss West End Monxton Horndean Upper Shirley Hatchet Gate Eling North Fareham Burridge Brook Upper Burgate Southampton Filmore Hill Broadmere Northington Downton Nob's Crook Fair Oak Soldridge Mill Green Kitwood Balmerlawn St Austins Newtown Wigley Whitchurch Roughdown Axford Griggs Green Tinkers Cross Blendworth Whitehill Long Sutton The Mint Kent Old Basing Itchen Soake Lower Canterton Fyfield Breamore Dean Easton Toothill Hazeley Bottom Upton Cuckoo Bushes Avington Oakridge West Dean Church End Browninghill Green Plaitford Green Stoner Hill Kingston Bedford Place Wivelrod Emsworth Upper Wield Hearn Greatham West Liss Michelmersh South View Shirley Warren Burgates Neacroft Row Ash Newfound Lord's Hill Titchfield Park Newton Stacey Warsash Dundridge Shortheath Bar End Boorley Green Crux Easton Farnborough Park Over Wallop Nately Scures Woodley Townsend Duck Street Froxfield Green Lower Common Lower Brook Wyck Thorney Hill Quidhampton Newtown Kimbridge Bramley Green Lovedean North Waltham Woodside Kentsboro Waterditch Foxdown Milton South Down Ashton Wittensford Rake Common The Soke Knapp Crow Cliddesden King's Somborne Stratfield Saye Brighton Hill Upham Corhampton Ragged Appleshaw Swanmore Warnford West Meon Woodlands Old Alresford Gundleton Crosshouse Critchell's Green Upper Swanmore Bowling Alley Grayshott Burley Beacon Upper Bullington Allbrook East Woodhay Fordingbridge Paulsgrove North Camp Holbury Newtown Empshott Green Ower Denmead Privett Holt Pound Newtown Waltham Chase Tadley Hill Tapnage Somers Town Pondtail Camdentown Little London East Worldham Ashe Warren Headley Down Gobley Hole Hocombe Ramsdean Wintershill Glebe Buttsash Outwick Chawton Milford on Sea Ropley Dean Shirley Pamber Green Bishop's Green Chandlers Green Upper Enham The Butts Soberton Heath Hartley Mauditt Spearywell Sandy Balls Fratton Stuckton Bramshott Chase Worlds End Anna Valley West End Crookham Village Hungerford Ossemsley Greywell Woodlands Kimpton Whale Island Up Somborne Lower Swanwick Old Shirley Kings Worthy Buckskin Phoenix Green Charter Alley Bossington Newtown Common Gritnam Clayhall Birchy Hill Cricket Hill Upper Canterton Forest Corner Lower Daggons Baybridge Ashmansworth Burley Quarley Pooksgreen North Gorley Ashurst Bridge Havant West Heath Upper Kingston Sprat's Down Coombe Hightown Bighton Beckley Bitterne Park Pamber Heath West Tytherley Monkwood Redbridge Hinton Little Somborne Privett Kempshott Upper Clatford Lynch Elvetham Sandford East Martin Lower Bordean West Town Tye Kingston Hunton Ovington Compton End Stockbridge Chineham North Street Swaythling Tunworth Colemore Hook Durley Street Avon Gilbert Street Woodcott Pikeshill North Baddesley Hoe Gate Tipner East Aston Tufton Bitterne Harbridge Green Emery Down Lynch Hill Wootton St Lawrence Ibsley Clanfield Overton Frost Hill Nichols Town Frogham Steep Brockhurst Martyr Worthy Sleaford Burghclere Common Highclere Penton Mewsey Testwood Hipley Fleet Wildhern Stanswood Wonston Beauworth Southrope Upton Longstock Bulbery Stroud Winchfield Hurst Penwood Monk Sherborne Botley Criddlestyle North Ripley Ellisfield Viables Twyford Cottonworth Mottisfont Awbridge Bramley Hill Top Blackwater Highbridge Charlton Martin Drove End Ashford Shawford Swanwick Potbridge Warblington Shirrell Heath North End Langstone Kingsmead Abbotswood Allum Green Heathfield South Hayling Chalton Chidden Winslade Aldershot Shedfield Horseport Southend Bransbury St Mary's Hordle Bevois Valley Netley Baughurst Common Conford South Ham Kingsland Place Otterbourne Elvetham Heath Ashlett Little Hoddington Blounce Park Gate Thruxton Hollington Cross Bishopstoke Blackhill Weston Patrick Hangersley West Green Abbotts Barton Winchfield Leigh Park North Warnborough Bransgore Harefield Alverstoke Buckland Crockerhill Belbins Portchester Mellishes Bottom Woodcot Black Dam Weston Lower Buckland Foulford Pheonix Green Abbotstone Forton Fair Oak Popley Foxhall Eversley Cross Ibworth Broad Layings Otterwood Shirley holms Ramsdell Polygon Highbury Nether Wallop Bowyer's Common Harestock Hounsdown New Cheriton Bassett Green Downend The Hangers Shorley Frogmore Mount Pleasant Knowle Lee-on-the-Solent South Warnborough Grateley Farlington Park Pennington Hatchet Green Clanville Tiptoe Old Burghclere Alton Harbridge Wellow Wood Eastoke Northney Brook Hill North Stoneham Nursling Swelling Hill Warborne Hundred Acres Bank Heath End Durley Newtown Three Ashes Swarraton East Oakley Ocean Village Chilton Candover Whitway Leagreen Picket Hill Warnborough Green Crawley Daneshill New Town North Sydmonton Hatch Walhampton Morestead Setley East Tisted Blackfield East Meon Headley Harefield Frogmore Hook Park Enham Alamein North Street Hillyfields Cove Sherfield English Mill Lane Hook Sway Hazeley Itchen Stoke Hill Brow Racedown Bartley Hawkley Park Corner North End Colbury Hartley Wespall Vernham Street Binsted Lasham Mortimer West End Weston Colley Beech Blashford Woolton Hill Soberton West Meon Bramshill Clatford Oakcuts The Common Lymington Hamble-le-Rice Lymore Little London Brockenhurst Clarken Green Upper Wootton Great Shoddesden Burkham Woodmancott Damerham Hazeley Lea Ewshot Weston Corbett Church Oakley West End Green Farleigh Wallop Minstead Northbrook Southwood Dunbridge Upton Grey Funtley Hill Park Sleepers' Hill Anmore Hatherden Millbrook Palestine Westfield Winnall Ashurst Horton Heath Durns Town Hammond's Green Ripley Lower Green Nutburn Oakshott Malshanger Portsmouth Linwood Wolverton Common Blacknest Curdridge Fairdown Meonstoke Hyde Bailey Green Titchfield Leckford Northbrook Newbridge Highways Hillstreet Murrell Green Portsea Court Corner Litchfield Godshill Wood Buckland Langrish Bridgemary Penton Grafton Wolverton Hurstbourne Priors Spitalhatch Mount Pleasant South Farnborough Hoe East Hill Copythorne Hillpound Church Crookham Linford Walton Heath Hill Wheat Hold Braishfield Exbury Bramshaw Herriard Hollington Dummer Shobley Waterlooville Drayton Sherfield on Loddon Cocksford Down East Dean Lower Ratley Hilsea Anchorage Park Wickham Tote Hill Hollywater Sandleheath Westley Beaulieu Cuckoo's Corner Chilcomb Frostlane Stonymarsh Shamblehurst Fryern Hill Mengham Pound Street Chilbolton Down Standon St John's Church Hinton Ampner Mockbeggar Holt End Martin Wecock The Close Carter's Clay Bramley Corner Baffins West Worldham Bellevue Headbourne Worthy Exton Hatt Hill Battramsley Cross Thornhill Tadley Bottom Newtown Locks Heath Ower Owslebury Fullerton Fulflood South Wonston Ladwell Sydmonton Southwick Hardley Furzeley Corner West Heath Winsor Chandler's Ford Gunville Shalden Green Fair Cross Redenham Faccombe Longparish Rockford Copnor Egypt Denvilles Shirley Park Burley Lawn Latchmere Green Dean Crondall Nutley Butlocks Heath Newtown West Common Appleshaw Old Portsmouth Moulsham Green Kingsley Little Ann Wadwick Ball Hill Summerlug Picket Post Whiteley Foxcotte Ratlake Aldermoor Worthy Down North Town Bidden Neatham Widley Godwinscroft Totford Port Solent Bleak Hill Wallington Woodend Houndmills Whitsbury Anthill Common Townhill Park Colt Hill South Baddesley North Weirs Tidpit North End Wheatley Lee Wimble Hill Woodfalls Stratfield Turgis Cufaude Lower Common Cadnam Sea View Woodgreen Bradley