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If your business is facing financial difficulties, finding a clear solution to put you back on track can often seem difficult. Search no longer – the team at Streets SPW has many years of experience guiding clients through liquidations and can provide helpful advice every step of the way.

Liquidation is a legal process which requires expert advice and action to resolve. At Streets SPW, we understand your needs and will work with you to reach the most satisfactory conclusion for everyone concerned.

There are various types of company liquidation such as a members’ voluntary liquidation, a creditors’ voluntary liquidation and a compulsory liquidation.

Liquidation is a formal process where a liquidator is appointed to ‘wind up’ the affairs of a limited company. At the end of the process, the company ceases to exist.

Liquidation does not mean that the creditors of the company will necessarily get paid – its purpose is to ensure the company’s affairs have been dealt with properly. Each member of the team at Streets SPW is dedicated to doing just that, and will apply their expertise to every single aspect of this process, including dealing with any legal disputes and returning share capital to shareholders if there is a surplus after repayment of all debts.

For further advice, help and answers to your questions about liquidation, call one of our experienced team members today.

Compulsory liquidation

Compulsory liquidation is when a company (or partnership) is wound up by an order of the court. As part of this process, the liquidator will realise and distribute the assets of a company before moving on to conclude its affairs.

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Creditors' voluntary liquidation (CVL)

This course of action is only appropriate if your company is declared insolvent.

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Members' voluntary liquidation (MVL)

An MVL is also known as a solvent liquidation. This liquidation procedure allows shareholders to put a solvent company into liquidation in order to unlock its capital.

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