Liquidate Your Company

Enter liquidation and close down your company with the least cost and most tax efficient route.

You may qualify for Redundancy Payments which can cover costs and leave money over for you.

Find The Cheapest Way To Close My Company

Get an instant on screen indication to the suitable route to close your company.

How To Close A Company

We are the Focus Insolvency Group and have years of experience closing businesses of all types.

Advantages Of Voluntary Liquidation

Keep more control - close your company on your terms

Gives directors a clean break

Allows you to close a potentially insolvent company with no further liability (unless debts have been personally guaranteed).

Quick and cost effective

Can be funded using company assets such as cash at bank, sale of assets, book debts etc.

Your duties as a director

It shows creditors you have done the right thing by taking professional advice and can steer you away from the implications of wrongful trading.

Claim redundancy payments

Employees and potentially directors can make a claim from the National Insurance Fund and receive payments for outstanding wages, holiday pay, pay in lieu of notice and redundancy.

Whether you have chosen to close your business and wind-up its affairs or you have creditors threatening to take action against it, we can provide guidance and reassurance on the best way forward.

Government Funded Redundancy Payments

When an insolvent company closes, employees may be able to make a claim from the National Insurance Fund and receive payments for outstanding wages, holiday pay, pay in lieu of notice and tax free redundancy.
This can cover the cost of the liquidation and leave money over for you.

Do I Qualify?

Redundancy Payments When Closing A Company

I was going through a difficult period. To discover I was entitled to over £14,000 redundancy, tax free, when I closed my company changed everything.

Types of Company Liquidations

Creditors’ Voluntary Liquidation

A Creditors’ Voluntary Liquidation (CVL) is when an Insolvent Company's directors voluntarily close the business. Please contact us for your personal quote.

This process offers more control over being forced into compulsory liquidation.

Redundancy Payments may be claimable from the Nationinal Insurance fund.

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Members’ Voluntary Liquidation

Is your company solvent with assets over £25,000? Then a Members’ Voluntary Liquidation (MVL) is probably best.

This enables proceeds to be taken as capital gains tax rather than income tax - so it can be the overall most cost-efficient exit route.

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Compulsory Liquidation

A Creditors’ Voluntary Liquidation (CVL) is when an Insolvent Company's directors voluntarily close the business by the appointment of a liquidator.

Worried about Compulsory Liquidation or facing a Winding-Up Order?

Don't Panic!

You have several potential routes to avoid compulsory liquidation.

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When one of these procedures has completed your company can be Struck-Off the Companies House register and your duties as a director will cease.