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"A man in the pub said I cannot be a director of any other company if I liquidate my company. As a result of this rubbish, many struggling directors worry about liquidating their company as they think it might seriously affect them personally. Listening to bar room experts, inexperienced accountants or lawyers or marketing people can stop decisions being made, this failure to make a decision is really what could land you in trouble.

One great piece of FREE advice - always make sure that ALL tax returns, VAT returns and annual returns have been completed and sent in and that other "compliance" issues are dealt with wherever possible. This is clearly a general guide so, if you have any worries at all, please, just call us and we will talk you through the situation free and with expert guidance for your situation.

These are important processes and will help protect you as individual directors. Call one of our advisors or if you prefer, call our IPs (or insolvency practitioners) now: Just one CALL can solve your problems. We could help you start the liquidation process today.

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Once this is agreed upon, the primary role of the liquidator is to recoup the maximum amount possible for the company’s shareholders (paying creditors should be a non-issue because of its solvency).

In a little while the stress will go and you can focus on other things that are more important. Get our new free Experts Complete Guide to Creditors Voluntary Liquidation We are experts in liquidation, voluntary liquidation, administration, pre-pack administration, business rescue, corporate rescue and company rescue, we can help solve your problems but only if you talk to us.

The Citizens Information website defines liquidation as “the process of winding up a company so that it no longer exists by using its assets to pay its debts.” The liquidation options available to a company depend on whether it’s solvent (can pay its debts) or insolvent (cannot) and whether it enters it voluntarily or not.

This risk RISES the longer you don't act to put the company into liquidation.

If you fail to act and if eventually the company is wound up by the creditors (compulsory liquidation) then the Official Receiver (OR) will be appointed to liquidate the business and he or she will investigate the activity of the directors and the business over the last 2-3 years.

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