Liquidation

Liquidation

If your company is struggling with debt or cash flow issues or is experiencing pressure from a number of creditors and you do not feel that it can continue trading successfully as a result, then you may choose to liquidate your company.

Commonly referred to as winding up, liquidation will see the company struck off the companies register, cease trading and its assets used to pay off debts to creditors.

Unfortunately, this may lead to unemployment for staff and financial loses for shareholders, so it is important that the process is carefully managed.