Closing a company
There are three common ways a company may be closed. A solvent company may be closed through a Members' Voluntary Liquidation (MVL), while an insolvent company is typically closed through a Creditors' Voluntary Liquidation (CVL). In some cases, a creditor may force a company into compulsory liquidation through a winding up petition.
Explore the options below to understand which route may apply to your circumstances.
Creditors' Voluntary Liquidation (CVL)
A Creditors' Voluntary Liquidation (CVL) may be appropriate if your company is unable to pay its debts, facing creditor pressure or experiencing ongoing cash flow difficulties. Find out more →
Winding Up Petition
A winding up petition is a court application that can lead to a company being placed into compulsory liquidation. Understanding your options early can make a significant difference to the outcome. Find out more →
Members Voluntary Liquidation (MVL)
If your company is solvent and no longer required, a Members' Voluntary Liquidation (MVL) can be a tax-efficient way to close the business and distribute funds to shareholders. Find out more →
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