Practice area 04
Company Liquidation & Winding Up
We guide owners and directors through insolvency with transparency, statutory compliance, and a focus on mitigating personal exposure.
Overview
Facing insolvency is a difficult decision. We provide a clear roadmap: assessing options, communicating with creditors, and executing a solvent or insolvent winding‑up that complies with the Companies and Allied Matters Act (CAMA) and preserves directors' legal positions.
We also act as insolvency practitioners, undertaking statutory duties to realise assets, distribute proceeds, and prepare final accounts.
What we handle
Matters within Company Liquidation
Insolvency assessment
Evaluating the financial position and advising on the best path.
Creditors' voluntary liquidation
Convening meetings and managing the liquidation process.
Compulsory liquidation
Representation in winding‑up petitions.
Administration and rescue
Proposing Company Voluntary Arrangements (CVA) to save viable businesses.
Directors' duties and disqualification
Guidance on avoiding wrongful trading and disqualification.
Asset realisation and distribution
Valuing, selling assets, and distributing proceeds.
How we work
A predictable path from first call to close
- 01
Initial consultation
Confidential review of the company's financial position.
- 02
Strategy selection
Deciding between administration, CVA, or liquidation.
- 03
Statutory process
Filing notices, convening meetings, and preparing documentation.
- 04
Winding‑up and post‑closure
Realising assets and obtaining release for directors.
Common questions
- What is the difference between a members' and a creditors' voluntary liquidation?
- Members' is for solvent companies; creditors' is for insolvent ones, with greater creditor oversight.
- Can I continue to trade during liquidation?
- Usually not, but an administrator may allow trading if it preserves value.