Liquidation in the UK: A Complete Guide for Businesses

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Struggling with business debts? Understand UK liquidation, including voluntary and compulsory processes. Get expert advice on the best options for your company.

What Is Liquidation?

Liquidation is the formal process of closing a company, selling its assets, and distributing the proceeds to creditors before dissolving the business. In the UK, liquidation is often a last resort when a company is insolvent and unable to pay its debts.

Types of Liquidation in the UK

There are three main types of liquidation:

1. Creditors’ Voluntary Liquidation (CVL)